Description

Tax managers from abroad deal primarily dealing with reporting and regulations. They must have an knowledge of the tax laws and regulations of other countries because a large portion of their work is making sure that compliance is maintained. They usually spend a large amount of time in preparing taxes and filing forms, in addition to studying tax laws to suggest the most efficient strategies to ensure compliance and maximising profits for corporations. International tax managers can also help in tax audits and addressing any problems with local, state/regional and national tax authorities. In addition, the position entails managing employees in daily department management or the management of individual projects.

Employers are typically multinational companies or public accounting firms who have clients that include multinational companies. If you work for a multinational corporation or a accounting firm International tax managers will likely work with a variety of accountants and accounting department employees within the client's company. They also interact with the upper management of the company. Tax managers from abroad typically work during office hours in an office setting; However, some overtime or alternative schedules may be required for certain times, like around filing deadlines. Certain travel is required in accordance with the position.

The most important requirements for employment are the requirement for a bachelor's degree in finance, accounting or another related field. The status of an accountant certified by the public accounting profession (CPA) or having a master's degree in a related field, or an education in law could be highly sought-after. Tax managers from abroad must be proficient in the relevant software for computers, such as SAP CORPTax, CORPTax CS, and CORPInternational.

Roles & Responsibilities

As an International Tax Manager with 9+ years of experience in the United States, your main responsibilities include:

  • Manage international tax compliance and planning for multinational corporations, ensuring compliance with local tax laws and regulations.Provide guidance on transfer pricing, tax treaties, and foreign tax credits to optimize tax positions.
  • Conduct tax research and analysis on complex international tax issues, staying updated on relevant tax laws and regulations.Develop tax strategies to minimize tax liabilities and identify tax-saving opportunities for clients.
  • Coordinate and oversee international tax audits and examinations, collaborating with cross-functional teams and external auditors.Prepare and review tax provisions and supporting documentation, ensuring accuracy and adherence to accounting standards.
  • Advise clients on cross-border transactions and restructuring plans, assessing tax implications and recommending tax-efficient structures.

Qualifications & Work Experience

For an International Tax Manager job role, the following qualifications are required:

  • In-depth knowledge of international tax laws and regulations to ensure compliance and minimize tax liabilities for multinational organizations.
  • Strong analytical and problem-solving skills to identify tax planning opportunities and optimize global tax strategies.
  • Expertise in transfer pricing and cross-border transactions to ensure proper documentation and reporting, including Advance Pricing Agreements (APAs) and Country-by-Country Reporting (CbCR).
  • Effective communication and stakeholder management skills to collaborate with internal teams, external advisors, and tax authorities for successful tax audits and negotiations.

Essential Skills For International Tax Manager

1

Tax Accounting

2

Financial Statement Analysis

3

Tax Calculation

4

Deferred Taxes

Skills That Affect International Tax Manager Salaries

Different skills can affect your salary. Below are the most popular skills and their effect on salary.

Pricing

2%

Career Prospects

The role of an International Tax Manager is crucial in overseeing tax compliance and minimizing tax liabilities for multinational companies. With over 9 years of experience in the United States, talented professionals in this field can explore various alternative roles. Here are following options to consider:

  • Global Transfer Pricing Manager: Responsible for ensuring compliance with transfer pricing regulations and developing strategies to optimize intercompany pricing.
  • International Tax Consultant: A role focused on providing tax advisory services to clients, including cross-border transactions, transfer pricing, and tax planning.
  • Tax Director – International Taxation: A senior-level position that involves overseeing all aspects of international tax planning, compliance, and risk management for a multinational company.
  • Senior Manager Mergers & Acquisitions Tax: A role that entails providing tax advice and structuring support for cross-border mergers, acquisitions, and divestitures, ensuring tax-efficient deal structuring.

How to Learn

The role of International Tax Manager in the United States is projected to witness significant growth in the market. According to a 10-year analysis, the job role is expected to experience a consistent rise in demand. The increasing complexity of the global tax environment and companies' expansion into international markets are key drivers of this growth. The job outlook is highly positive, with a considerable number of employment opportunities anticipated in the future. As per Google data, the International Tax Manager role is expected to expand steadily over the next decade, making it a promising career path in the field of taxation and finance.