Director, Taxation Apac

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BUSINESS UNIT DESCRIPITION

CIBC, the Canadian Imperial Bank of Commerce, is a leading Canadian-based financial institution with approximately 49,500 employees worldwide, serving over 13 million clients and generating annual revenue exceeding $25 billion. Within CIBC, the Wholesale Banking arm provides a wide range of credit, capital markets, investment banking, and research products and services to government, institutional, corporate, and retail clients globally. Our employees work in highly disciplined cross-functional teams to leverage industry knowledge and deliver innovative capital solutions and advisory expertise across a wide range of sectors.

The Taxation Group is responsible for providing tax advisory and planning services in support of transactions, products, and strategic business initiatives, as well as tax compliance services for the CIBC group of companies worldwide. The UK, Europe, and Asia Pacific Taxation team will play a critical role in supporting the rapid growth of CIBC’s operations in the Asia-Pacific region, ensuring compliance with local tax regulations, mitigating risks, and providing strategic tax advisory services.

JOB PURPOSE

The Tax Director, based in APAC, will manage tax compliance and assist in providing advisory support across Japan, Singapore, Australia, Hong Kong, and mainland China. This role is essential to address the increasing complexities of tax regulations; compliance demands and mitigate risks in the Asia Pacific (APAC) region.

The role will also support CIBC’s strategic growth initiatives in APAC, including business expansion and cross-border transactions, while ensuring adherence to local tax laws and regulations.
- Effectively help manage tax compliance and related issues for CIBC APAC, with day-to-day responsibility for Tax Compliance matters across Asia Pacific.
- Assist with providing advice and support to wholesale capital markets business on live multi branch business opportunities in APAC and controlling tax risk via trading documentation. This will be in conjunction with Tax colleagues in the UK and Toronto.
- Assist with provided support on CIBC APAC cross-border lending transactions.

KEY ACCOUNTABILITIES
- Oversight and management of the taxation compliance functions across APAC in conjunction with the UK Tax Team and external advisers including
- _ Australian consolidated Company Group and Australian Branch Corporation tax computation and returns including international dealings schedules_
- _ Calculation and management of monthly Australian Corporation tax instalment payments_
- _ Prepare monthly Australian BAS returns with instalment payments_
- _ Review Australian FBT returns prepared by Finance colleagues and submission via external provider_
- _ Australian regulatory returns: Annual investment income report, New South Wales Insurance Premium Tax reporting,_
- _ Complete Singaporean GST returns and ensures that CIBC continues to meet the Singaporean Tax Authorities’ requirements of the GST Assisted Compliance Assurance Programme (ACAP)_
- _ Singapore Branch Corporation tax computation and return_
- _ Japanese Branch Japanese and Barbadian Corporation tax computation and Return_
- _ Japanese consumption tax returns_
- _ Tax aspects of Australia, Singapore, Japan annual audits and reporting for statutory accounts_
- _ Hong Kong Branch Corporation tax computation and returns including mainland China rep office inputs with emphasis on the CATA AOA calculation, tier two tax rate election_
- _ Transfer pricing policies and requirements across APAC, including ever increasing transfer pricing documentation requirements to accompany Corporation Tax Returns and local tax transfer pricing files_
- _ Ensure APAC Corporation Tax and Indirect Tax liabilities are settled within statutory deadlines_
- _ Assist with delivering on APAC month end tax reporting requirements_
- Ensure internal tax controls are operated effectively via robust governance frameworks to mitigate tax risks.
- Assist with strategic tax advisory for business expansion and cross-border transactions in APAC.
- Act as the primary point of contact on the ground for business stakeholders in the APAC region. Assist with maintaining a good relationship with the APAC tax authorities. Assist with advising on the tax implications of new products, services, and business initiatives for APAC operations.
- Support the development and implementation of internal governance tax APAC policies and procedures.
- Ensure compliance with OECD/G20 BEPS 2.0 measures, including Pillar 2 requireme