Sohel Rana

Experience

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  Double A (1991) Public Company Limited

  Mar 2010 - Mar 2012

  Accounting & HR Officer

  # Company accounting (e.g. Journal, Ledger, Trail Balance, Profit-loss Statement, Balance Sheet etc.) using MS Excel# Annual & Monthly Budget preparation and update as per requirement.# Worked closely on company formation issues and different certification from authority# Tax and VAT calculation and submission# Deal with Internal and External audit# Preparation of financial statements (monthly, yearly) for Management Committee# Procurement of company asset# Managing cash flow & cooperate with bank for continuous liquidity. Show less

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  Bangladesh Bank [The Central Bank of Bangladesh]

  Oct 2010 - Dec 2010

  Internship

  1. Examining export, import and money changer's documents. 2. Find out errors from documents and suggest necessary changes.3. Assist in noncommercial and administrative activities.

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  SPIE Oil & Gas Services

  Mar 2012 - Aug 2017

  Finance & Tax Coordinator

  # Quarterly return, Return u/s 75A, 108 preparation and submission to authority like BIDA, NBR, Bangladesh Bank, RJSC# Budget preparation and cost control.# Corporate tax, AIT, VAT application# PIT [Personal Income Tax] expatriate and local# Coordinating External audit and support for internal audit# Contract Management with client-Chevron Bangladesh# Financial & Management reporting to management and regulatory body# Invoicing procedure development, A/C payable, A/C receivable coordination# Payroll management including bank transfer, Cash management and bank reconciliation# Expat management includes work permit, BOI (BIDA) permission, 18A permission of Bangladesh Bank, E-visa, time sheet and expense claim etc. Show less

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  RANCON

  Sept 2017 - Sept 2019

  Deputy Manager

  # Preparation of yearly financial statement for tax purpose as per Income Tax Ordinance 1984# Cross checking all journal, debit voucher, payment instruction, bank reconciliation etc # Active participant of company tax planning being a bridge between holding company and SBUs. # Meeting with Tax & VAT Authorities for reporting and attending hearing whenever requires# Preparation of Return u/s 108 -salary, perquisite and tax breakdown# Preparation of Withholding tax deduction at source return-return u/s 75A# TDS & VDS application on all bill items as per tax & VAT law# Managed transition period between old and new VAT law and achieved proficiency on “Value Added Tax and Supplementary Duty Act 2012”.# Managed Mushak 2.1, 2.3, 6.1, 6.2, 6.3, 6.5, 9.1 as per new VAT law and submit monthly return# Maintained & issued Mushak 1, 11, 12 Kha, 16, 17, 18, 19 and other certificate to vendors# Introduced VAT rebate system for the company and developed necessary procedures# Work with different departments and vendors to promote compliance# Responsible for preparing training tools and communications materials for the group regarding changes brought to tax and VAT by finance act, budget and SROs Show less

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  Coats

  Oct 2019 - Sept 2022

  Manager - Direct Taxation

  # Preparation of company income tax return as per Income Tax Ordinance 1984# Preparation of documents for hearing of tax cases running in DCT, CT and Tribunal stages # Calculation and reporting of Deferred taxation, IFRS-16 and its effect on taxation# Have expertise on processing repatriation of royalty & other group charges, preferable rate under DTTA from NBR# Coordinating Transfer Pricing Study report and SIT with advisors and provide necessary documentations for preparing the reports# Keeping tax optimization in focus, actively work for company tax planning # Managing consultants working for different tax and VAT related issues# Working for VAT Automation for the company# Monitoring VAT return submission and supervise all related issues# Leading team for 5 years VAT Audit# Meeting with Tax Authorities regularly for reporting and attending hearing whenever requires# Taking care of Return u/s 108, Return u/s 75A, Return u/s 18A # TDS & VDS application as per tax & VAT law# Provide necessary suggestions to different parties regarding direct & indirect tax related quarries # Work closely with different departments and vendors to maintain compliance# Responsible for maintaining all compliance & reporting deadlines of management & regulatory bodies Show less

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  Asian Paints

  Sept 2022 - now

  Manager - Taxation & Treasury

  Working as Head of Taxation & TreasuryTaxation:# Supervising and leading tax and VAT team to ensure overall compliance# Developing tax strategies for tax optimization# Identifying tax related issues and developing solutions# Ensuring proper tax return preparation and submission within deadline# Monitoring developments of tax disputes and coordinating team and consultants for hearings# Managing transfer pricing study report, related party transactions and SIT# Preparation of responses and schedules and attending hearings for income tax and VAT audits# Implementation of VAT software# Building and maintaining relationships with tax and VAT authorities# Review financial records and processes of the company as per the tax & VAT lawsTreasury:# Oversees daily cash positioning activities including managing daily liquidity, payment plan, collection target, cash position and reviewing bank reconciliation# Managing large loan portfolio which includes overdraft, short-term and long-term loans# Maintaining treasury reporting dashboard for stakeholders# Maintaining strong communications with domestic and global banking service providers# Monitor quarterly and annual compliances with loan agreements including Paripassu# Advise management on the liquidity aspects of its short and long-range planning# Preparation of different management and compliance reports on treasury as per management and bank’s requirements# Developing strategies to keep FX exposure and interest expense under control Show less