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Tax - Transfer Pricing - Staff / Senior Accountant - Hong Kong

Location:  Hong Kong
Other locations:  Primary Location Only
Salary: Competitive
Date:  Jan 13, 2023

Job description

Requisition ID:  784323

The opportunity 

 

The international tax and business landscape is changing. Now more than ever, transfer pricing is at the top of the tax agenda for Multinational Enterprises (MNEs). In recent years transfer pricing has attracted unprecedented scrutiny, both from within the tax sphere but also globally from a variety of other stakeholders, such as stock exchanges, shareholders, banks, politicians and the international press.

 

Transfer pricing relates to the pricing of good and services between entities within the same Group. On the face of it, this relates to tangible goods (for example, finished products or raw materials), but in fact also extends significantly beyond this to encompass intra-group transactions relating to the pricing of services, intellectual property (such as licenses and royalties) and financing. As businesses evolve (and in this new age of digitalization), tax authorities globally are working to formulate transfer pricing legislation to ensure MNEs price their intra-group transactions in line with the principles underpinning how independent parties would agree on prices – or what is termed as at ‘arm’s length’. This has resulted in an increasingly complex set of rules internationally where MNEs need our advice to ensure adherence to the relevant legislative framework whilst paying their fair share of tax in each jurisdiction in which they operate.

 

Transfer pricing falls within the broader tax team at EY but touches on a number of disciplines including business valuations, economics and business restructurings.  Our tax service at EY revolves around helping our clients effectively manage their tax obligations proactively and responsibly. As part of a global team of 35,000 tax professionals in 150 countries, you will advise clients on planning, compliance and reporting wherever the client has needs.

 

As a member of our transfer pricing team, you will have the opportunity to learn about businesses across an array of industries from pharmaceutical to fast-moving-consumer goods sectors (to name just a few). You will prepare transfer pricing reports describing business’ operations, how they create value and analyzing the industry in which they operate with a view to assessing and supporting their transfer pricing arrangements. An aspect of this includes researching into what independent businesses charge for goods and services in order to ‘benchmark’ prices. In addition, you will have an opportunity to help businesses structure their supply chain, the flow and pricing of goods and services, and help businesses to plan for expansion and restructurings. This can involve valuing intellectual property or even whole business units. In cases where tax authorities enquire into a MNEs tax and transfer pricing affairs, you will assist clients in addressing tax authority queries.

 

As a member of the transfer pricing, you will gain exposure in working with members of the transfer pricing and wider tax (and non-tax) teams and a chance to see how EY provides wholistic business advice. By its nature, transfer pricing deals primarily with cross-border intra-group transactions and therefore you will regularly work with your transfer pricing counterparts across the EY Transfer Pricing Network globally on multi-jurisdiction projects. As a transfer pricing team, we ensure all new joiners receive the relevant training to ensure a smooth transition and so that they are well-equipped to help serve our clients.  

 

Your key responsibilities

As a member of the transfer pricing team, you will participate in a variety of transfer pricing engagements.
 

  • Assisting in preparing transfer pricing documentation for clients alongside advisory reports and memos to provide transfer pricing advice to our clients
  • Analyzing financial performance of our clients and conducting statistical analysis on business performance
  • Helping to forge, develop and maintain client relationships
  • Working effectively as a team member liaising with and updating senior team members on project progress
  • Building strong internal relationships with other members of the transfer pricing team and across other services, both within EY Hong Kong and the EY Global Network more widely
  • Contributing to performance feedback for professionals, people initiatives, including recruiting and retaining transfer pricing professionals
  • Maintaining an educational program to develop personal skills on an ongoing basis
  • Understanding and following workplace policies and procedures

 

To qualify for the role you must have

  • An undergraduate degree, preferably with an emphasis in accounting, economics, finance or law; an advanced degree in economics, law, tax or accounting is desirable
  • Where you are being considered for a role as Senior Accountant, previous experience related to transfer pricing will be expected.  Direct transfer pricing experience is not necessary for applications for Staff position.
  • Strong organizational, analytical and verbal/written communication skills
  • Fluent in English.  Fluency in Chinese is beneficial, but not essential.
  • The ability to thrive within a fast-paced, professional services environment

 

If you’re looking for a role that’ll challenge you, give you opportunities to grow and encourage you to own your career, this role is for you.

 

What we look for

 

We’re interested in professionals who enjoy promoting the people agenda in organizations and change initiatives, bringing people issues and challenges to the forefront. You’ll need the confidence to keep the people agenda front and center, and the interpersonal skills and communications savvy to do this in a way that integrates well with executive priorities and objectives.

 

Ideally, you’ll also have

 

  • Effective organization and time management skills with the ability to work under pressure and adhere to project deadlines

 

What working at EY offers

 

We offer a competitive compensation package where you’ll be rewarded based on your performance and recognized for the value you bring to our services. In addition, our Total Rewards package includes medical and hospitalization benefits, group life and personal accident insurance, annual leave and Mandatory Provident Fund and a range of programs and benefits designed to support your physical and social well-being. Plus, we offer:

 

  • Support, coaching and feedback from some of the most engaging colleagues around
  • Opportunities to develop new skills and progress your career
  • The freedom and flexibility to handle your role in a way that’s right for you

 

About EY

As a global leader in assurance, tax, transaction and advisory services, we hire and develop the most passionate people in their field to help build a better working world. This starts with a culture that believes in giving you the training, opportunities and creative freedom to make things better. So that whenever you join, however long you stay, the exceptional EY experience lasts a lifetime.

 

If you can confidently demonstrate that you meet the criteria above, please contact us as soon as possible.

 

Make your mark.

Apply now.

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