It is the task of the head of tax to have his or her resources do the utmost to meet all needs and requirements. There are many people in the industry holding the title head of tax who, if we take a closer look, actually have different jobs. A genuine leader is able to use this tax strategy as a communication tool and a contract with stakeholders when fulfilling the role of head of tax. This active leadership role is to be supported by a tax strategy, which is the main organisational tool to improve the effectiveness of a tax function. In terms of tax departments getting things done through experts with detailed knowledge located around the globe, a leader keeps them focused, motivated and challenged. Internally, the tax function might not be taken seriously to its full extent and may be overlooked or overruled. Based on the understanding of what is important within the organisation, a genuine leader will develop a strategic plan. It has to preform several statutory functions under the various acts and it is responsible for the formulation and implementation of different policies relating to direct taxes administration. Clara Wong, VP of Tax, Mattel said: "Tax appears to have come out of the "back room" so to speak and become more relevant to line management. Main responsibility of IT Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for Government of India. Instant access to all of our content. It is up to the CFO or the executive board to define priorities: lower tax rate or treasury/asset policies. From its origin as a cost centre, a tax department can be viewed from the perspective of being an internal service provider. In addition, he is the technology, infocomm and entertainment (TICE) tax industry leader in Switzerland for more than seven years. From the surface, things look fairly similar. Non-Ad Valorem assessments are primarily assessments for fire services and solid waste collection and disposal. At the same time, changes in accounting for income tax regulations remain continuous, with the expected convergence of IFRS (IAS12) and US GAAP (FAS 109). As in the past, in today's environment outstanding tax technical, tax accounting or computational skills are inevitably necessary to establish an effective tax function. We are looking for a Tax Accountant to prepare tax payments and returns for our company. Florida Legislature amended the “Local Option Tourist Development Act”, to allow for collection and administration of the tourist tax at the local level. United Kingdom, This content is from: The Tax Collector is an agent for various state and local government agencies, for the collection of revenue and public funding. Tel: +41 58 792 77 07Fax: +41 58 792 75 10Email:fabio.dellanna@ch.pwc.comFabio Dell' Anna is a partner with PricewaterhouseCoopers Switzerland and has more than 20 years of experience in advising both Swiss and foreign corporations on complex Swiss and cross-border tax and accounting matters. [...] when the price of such goods or services includes taxes or duties, appropriate measures shall, whenever possible, be taken by the Party to grant exemption from such taxes or duties or to provide for their reimbursement. He or she is no longer only a tax technical expert as in the past but is increasingly a process and people manager. The head of tax is there to execute the plan and to deliver, with his team, what the stakeholders require. The Office of Tax Collector is authorized by Florida’s Constitution, as a separate entity from other County Departments or Agencies. What gets measured gets done. The collection of taxes, as well as the assessment, is in accordance with the rules and regulations of Determining the tax strategic plan is asking the question: what does our company want to achieve with the tax function? Hence, he or she needs to see the broad picture and set the parameters for the actors within the tax function. Any person who enjoys duty and tax exemptions privilege for investment purpose is required to produce a clearance document from the Authority prior to the transfer of duty and tax exempted imported goods to other persons or the return of his investment … 2. This function of in-house tax departments is common to all companies. The usefulness of the advice was limited for the purpose of signing-off the financial accounts by the external auditor. The playing field for the head of tax is spread through the entire organisation: it includes the full spectrum, from day-to-day people management to fully-fledged discussions in the boardroom where he/she must understand stakeholder needs and describe complexity in a condensed form. This content is from: As the leader, he is able to critically assess and prioritise these requirements and separate needs from preferences. As an agent for The Florida Fish & Wildlife Conservation Commission, the Tax Collector is responsible for the sale of hunting and fishing permits. County Administration Building The BDPL sets out that the general overarching role of the Authority is to assume responsibility of all the duties and powers necessary to protect personal data. Consequently, designing the tax strategy is about providing adequate responses to the needs the company is facing in the field of taxation. Where duty and tax exempted imported goods are lost or damaged the importer shall forthwith report to the Authority. It is up to the head of tax to abstract the message, utilise the tax expertise of his people to its full extent and translate the tax technical and tax accounting merits into business language. Leadership development increasingly emerges as the factor that will determine the success or failure of the tax function's emerging role. On the contrary, responsibility refers to the liability that requires fulfilment which is either assumed, voluntarily accepted or promised, by an individual, inherent to his/her job or role. The definition of a tax strategy is consequently only the beginning of managing tax affairs. For example, it is the supply sergeant’s duty to issue equipment and keep records of the unit’s supplies. In the event of any inconsistency between this consolidation and any printed or electronic copy, this consolidation prevails to the extent of the inconsistency. Whereas in one company certain choices are pre-defined, another company may have pre-defined completely different choices. The Tax Collector is responsible for collecting and dispersing taxes from information provided on the annual tax roll which is provided by the Property Appraiser's Office. DUTY: A duty is something you must do by virtue of your position and is a legal or moral obligation. What are duties and taxes based on? The same goes for the staffing and design of tax departments. Structure, business strategy, values, the history of the company and other decisions that were made by the company pre-define the space to manoeuvre in. Not only does the head of tax need to be acquainted with these pre-defined company decisions upon designing the tax strategy, he or she (as a great leader) must also, in a condensed manner, be able to demonstrate in what way these decisions affect tax planning abilities. It is good that the government gets the right type of people to work in the organization so as to get better ways of improving the tax system in the country. For this purpose, the values of the tax strategy are to be acknowledged and incorporated in contractual arrangements with stakeholders. Better practice example: roles and responsibilities. At present, the market continues to use the effective tax rate as the measuring instrument for tax functions. Externally, tax authorities and revenue bodies are becoming rather sophisticated and well equipped. The duties and taxes shall be calculated at the value of the goods and tariff rates prevailing during the time of disposal. The choices that are made while defining the tax strategy must be communicated, made clear explicitly to staff within and, to a certain extent, without the tax function. material subject to strictly enforced copyright laws. While various members of the tax function will have leadership roles in their own particular areas, the main leadership role will clearly be carried out by the head of tax. FM 7-22.7. The tax leader has to understand what motivates his people without controlling every single aspect and detail. In this aim, the head of tax needs to be aware of and fully understand the needs and requirements of the internal and external stakeholders. We often find ourselves in the role of a translator - translating key tax concepts so they have relevance to both finance and non-finance business functions". In one company this involvement might be limited to advising the controlling department while, in another company, the tax … The tax roll consists of real estate taxes, tangible taxes, and non-ad valorem taxes. The same differences apply to involvement in: (i) M&A; (ii) management of teams; and (iii) compliance, among others. Tax experts tend to dive immediately into details. 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