Rim Farhat, MSc

Experience

• 

  UNDP

  Feb 2015 - Nov 2015

  Finance Trainee

  ● Researched and analyzed financial information related to specific companies● Supported with Pay Cycle and VAT declarations● Maintained accurate records of the organization’s income and expenses, payroll, inventories and financial statements

• 

  POULTEC NV

  Feb 2016 - May 2017

  Junior Financial Controller

  ● Ensured that all suppliers and customers’ invoices and payments are generated, received, reviewed, booked and filed systematically every day● Produced the policies and procedures of the salesmen monthly expenses reimbursements● Prepared and analyzed Profit and Loss statements for each project● Provided accounting support and collaboration on company’s inventory (stock management)● Developed Poultec price list● Launched and managed the annual consolidated budget and forecasts● Produced several analytical models and reporting templates to assess core business performance and created a monthly summary dashboard for CEO (i.e. Operating margin, working capital turnover, days sales outstanding, salesmen efficiency, operating profit statement, etc.)● Calculated the KPIs for the Collection Department, by country, to ensure smooth flow of liquidity Show less

• 

  Inventis Corp

  Jun 2017 - Jul 2018

  Accounting Officer

  ● Built up Inventis accounting department from scratch including policies and procedures● Procured and implemented the Visual Dolphin software to maintain accounting books● Handled and controlled company’s accounts payables and receivables along with employees expenses reports● Prepared, reviewed and approved the accounting activities for all employees and contractors including auditing and scheduling claims for payments, verifying legality and compliance with various governing rules and regulations● Prepared, declared and processed CHI Tax on profit, CHII Payroll tax, CHIII WHT along with the National Social Security Fund● Developed and maintained key financial reporting metrics and built cost forecast models● Derived variance analysis against budgets and identified risks and cost optimization opportunities● Analyzed Company’s Capex, Opex, cash flow and financial obligations, to provide management with accurate financial recommendations for decision making purposes Show less

• 

  PwC Middle East

  Aug 2018 - Jul 2022

  ● Prepare the ME Group’s Transfer Pricing documentation, including Country by Country Reporting, Controlled Transactions Disclosure Forms and Local Files● Prepare the ME Group’s monthly tax report to the CFO including insight into KPIs, balances and cost● Prepare the ME Group’s monthly tax provision calculations (all taxes) as well as manage tax costs● Provide support on the ME Group’s internal and external tax audit requirements including Tax Authority audits● Provide guidance and support on tax governance and risk projects such as automation requirements, costing validations, tax effectiveness, tax leakage and efficiency improvements● Mitigate tax risks for the ME Group in accordance with the Tax Code of Conduct as well as manage tax compliance deadlines● Provide guidance and support on tax optimisation and tax saving projects including the application of Double Tax Treaties● Manage the ME Group’s business development activities to help identify and solve complex tax challenges● Provide guidance to and supervise junior members of the team and facilitate country tax specialist support● Support the ME Firm Tax department on setting yearly tax targets and KPIs● Conduct internal tax related trainings across the ME Group Show less ● Prepared the ME Group’s Corporate Income Tax returns for Egypt, Qatar, Lebanon, Saudi Arabia, Kuwait and Oman● Prepared the ME Group’s Withholding Tax returns for Egypt, Qatar, Oman, Lebanon and Saudi Arabia● Prepared the ME Group’s Value Added Tax returns for Egypt, Lebanon and Saudi Arabia● Interacted with PwC local tax experts to understand the tax laws and regulations in various jurisdictions within the ME● Collected data and prepared various tax analysis reports in order to optimise the management of tax liabilities across the region ● Provided input for all the tax audits conducted by Firm Tax/Global Team/External Auditors● Refined the tax policy and procedure documentation and ensured proper implementation and adherence across the ME Group ● Liaised with the digital team to automate tax compliance related processes Show less ● Prepared the annual financial statements and processed all the statutory journal entries for all Strategy& Middle East entities in compliance with IFRS and local accounting & tax regulations● Conducted balance sheet and P&L reconciliation along with variance analysis for management and statutory books● Supported with year-end closing for revenue recognition, prepaid and accrual process● Liaised with the IT providers to develop, test and implement a customized accounting and tax system for all Middle East entities● Handled all communication with the external auditors and addressed all their requirements to produce the yearly audit report● Provided ad-hoc support in various IFRS trainings (focusing on IFRS16)● Supported on the process re-engineering plan for the finance department Show less

  • Tax Risk and Governance Manager

    Jul 2021 - Jul 2022

  • Senior Tax Associate

    Aug 2019 - Jul 2021

  • Tax Accountant

    Aug 2018 - Jul 2019
• 

  TikTok

  Jul 2022 - now

  Tax Compliance PMO Lead MEAP

  ● Lead tax compliance filings and payments in MENA region for both direct and indirect taxation● Draft company’s tax policies, procedures, manuals and workflows● Collaborate with Tax System team to automate tax compliance processes● Identify tax compliance issues/risks and provide recommendations/practical solutions to minimize tax risks and optimize tax cost● Work closely with external tax advisors on several tax projects and review draft tax returns prepared by them● Conduct periodical tax health checks by preparing several tax risk studies including and not limited to Permanent Establishment,Application of Double Tax Treaties and Capital Gain● Plan and conduct tax training sessions with various stakeholders● Provide tax advice/support to various service lines and on strategic business projects● Lead tax audits with local tax authorities, answer all their queries and prepare risk mitigation strategies Show less