Summary
Overview
Work History
Education
Skills
Timeline
Generic
Asheesh Dhal

Asheesh Dhal

Chartered Accountant
Delhi NCR

Summary

Results-driven Tax leader with 17+ years of experience in tax strategy, global compliance, and advisory services. Skilled in leading multidisciplinary teams, managing complex tax projects, and optimizing effective tax rates across corporate and partnership structures. Expertise includes global mobility, transfer pricing, M&A tax integration, and international tax laws, and leveraging technology for improved reporting and risk management. Collaborative leader adept at translating complex tax issues into strategic insights for executive leadership to ensure compliance, reduce risk, and support business goals.

Overview

19
19
years of professional experience

Work History

Director - Corporate Tax & Regulatory

PwC
07.2024 - Current
  • Led the firm's comprehensive tax and regulatory strategy, directly impacting profitability and cash flow by managing tax provisions of ₹600 Cr and mitigating risks on litigation valued at over ₹800 Cr.
  • Strategic Tax & Financial Leadership:
  • Developed and implemented tax planning strategies aligned with business goals, optimizing the firm's tax position and supporting a working capital base of ₹2500 Cr through measures like obtaining Lower Deduction Certificates (LDC).
  • Directed the efficient management of ₹900+ Cr in cash flows by delivering precise tax forecasting and timely realization of tax refunds worth ₹300 Cr.
  • Advised senior management (CFO & COO) and key stakeholders (DTP, Tax Council, Network Tax) on the tax implications of major business decisions, ensuring alignment and a risk-free compliance posture.
  • Operational Excellence & Compliance Governance:
  • Oversaw all diverse tax and regulatory compliance across 40+ entities in 10+ overseas countries, ensuring adherence to over 1,400 statutory requirements.
  • Established a robust governance framework to monitor tax assets, optimize tax credits, and minimize tax loss, leading to a significant reduction in working capital lock-in, Analysis of uncertain tax positions and valuation allowances.
  • Developed and maintained the firm's internal transfer pricing policies for intercompany services and intellectual property across regulated and unregulated business, preparing all necessary documentation to mitigate audit risk.
  • Led all interactions with tax authorities, effectively managing assessments, audits, and litigation to reduce dispute cycle times, successfully minimizing penalties and interest costs.

Director – International Tax & Regulatory

PwC
04.2022 - 06.2024
  • Yearly 3,000 internal tax consultations for cross-border engagements valued at ₹1000 Cr+, protecting engagement margins by an average of 3-10%.
  • Ensuring correct withholding tax on ₹750 Cr of overseas payments prevents penalties, leverages tax treaty benefits, beneficial ownership, make available principal purpose test, which may on average impact engagement margins by 10%.
  • Lead a project Infinity to transform finance roles, targeting a 10% cost reduction and 80% process automation by evaluating technology and generative AI solutions.
  • Spearheaded the automation of tax reporting processes from the data source, building data validation controls and exception reporting to ensure accuracy and pre-empt regulatory queries.
  • Led automation of tax compliance processes, reducing turnaround time for tax audits and assessments with detailed scrutiny of data and exception reporting. Driving 100% automation of preventive transaction controls under RCSA framework, auto reconciliation of 26 AS, Auto TDS position verification.
  • Served as the product owner and drove the development of 'FIRE,' an in-house tool for real-time compliance and litigation monitoring, enhancing proactive management and visibility.

Sr Manager International Tax

PwC
03.2018 - 03.2022
  • Strategizing and Operationalization of the unit in IFSC complying with financial institution regulations defending 80LA tax benefit.
  • Product owner monitoring seamless overseas presence on 'OCTA' integrating stakeholders on 4000+overseas Travel to optimize travel cost and derisking non-compliance.
  • Pioneered efficiency by developing in-house tax analysis expertise for over 150 countries, significantly reducing reliance on external consultants.
  • Manage the firm's global mobility and expatriate tax program, including tax equalization policies, ensuring compliance and a positive experience.
  • Led tax due diligence and post-merger integration for the firm's acquisition of two smaller consultancies, ensuring a smooth transition of tax processes and structures.
  • Achieved an 80% tax compliance through streamlined processes and automation initiatives.
  • Led teams during tax filing, risk assessments, and regulatory reporting, ensuring 100% compliance.

Senior Manager Tax

Tata International Limited
10.2014 - 02.2018
  • Led GST implementation across five business verticals in Manufacturing /Trading/Job Work/Services and 17 locations, including IT readiness (SAP migration from TAXINJ to TAXINN), process design, impact assessment on operations/supply chain/credits, and registration.
  • Established transfer pricing policy for group companies, standardized trading and financial transactions, distributor model for Motor vehicles. Defended TP positions with external/statutory auditors.
  • Conducted BEPS and PoEM impact analyses across the group’s global footprint (Asia, Europe, Africa, US).
  • Directed complex advisory across corporate and indirect taxes: SEIS benefits, UK/EU VAT on trading transactions, excise litigation, and cross-border coal trading transaction structuring under Tax and FEMA.
  • Managed direct tax forecasting, advance tax, tax accounting, returns, audits, and withholding tax; developed system-driven SAP reports for quarterly WHT, related-party transactions, and fixed asset reporting.
  • Tax deductibility of interest paid on $180mn Perpetual Debentures; Business restructuring for fund raising to repay the high-cost debt and minimize Tax Cost
  • EXIM policy and Free Trade evaluation on Leather Products, Clean Customs SVB Order, REX registration and process implementation for monitoring country of Origin.
  • Executed business restructuring initiatives, reverse merger in Senegal, and defended minority shareholder interests.
  • Enhanced tax controls and stabilized compliance to qualify for the Tata Business Excellence Model for tax cost efficiency.

Manager – Financial Reporting

Oriflame India Pvt. Ltd.
04.2013 - 09.2014
  • Set up the financial reporting team in India and supported operationalization of the Group’s Shared Service Centre, delivering monthly close, cost center reporting, forecasts/budgets, sales flash, and marketing performance analytics.
  • Reported key business statistics to the Board, CEO, and CFO; prepared investor presentations and analytics on financial/business performance.

Manager –Tax

Oriflame India Pvt. Ltd.
04.2010 - 03.2013
  • Managed corporate tax computations (advance tax, provisions), deferred tax under Indian GAAP/IFRS, and finalization of returns, TP certification, and tax audit.
  • Centralized Service Tax compliance; strengthened VAT compliance across 17 states; structured commission-related service tax compliance for distributors and Defended the VAT credit adjustment on Post Sales Discount. Dividend Distribution, Limiting the Forex exposure with INR invoicing.
  • Led tax assessments and appellate proceedings (CIT[A], DRP, ITAT); advised on withholding tax and non-resident implications.
  • Lead merger processes: drafting and finalization (valuation, tax/accounting, stamp duty), and post-merger tax and accounting process setup.
  • Evaluated bonded warehouse/FTWZ options, EXIM Policy, and labeling compliance (Legal Metrology, FSSAI); Obtained product registration under Drug & Cosmetics Act for import of cosmetics products, detailed representation before Director General and Comptroller of India. Analysis of Food Safety Standard Authority of India (FSSAI) for implication on introduction of new product line
  • Analysis of implication of FIPB policy on FDI in multi-level marketing license, Facilitated €3 million ECB, monthly and annual compliance under FEMA.

Assistant Manager

Tata Communications Ltd.
04.2007 - 03.2010
  • Managed cash flow and working capital to optimize investment yields; executed trade finance instruments (LC, BG, Buyer’s Credit).
  • Planned business transactions to optimize tax costs in line with thin capitalization and insolvency rules; set up indirect tax transaction processes for EU/US entities.
  • Assessed PE risk to bring certainty to tax positions and minimize WHT leakage.
  • Established transfer pricing guidelines for intercompany loans, funds transfers, trading transactions, and secondment/assignments.
  • 100% timely compliance of annual filings with Authorized Dealers for ODI performance; supported working capital and cash management for overseas subsidiaries.

Education

Chartered Accountant (CA) -

The Institute of Chartered Accountants of India
11.2006

Valuation – Certification - undefined

ICAI
04.2009

IFRS – Certified Level - undefined

ICAEW
12.2008

B.Com. (Hons.) - undefined

University of Delhi
01.2002

Skills

  • Global Tax Strategy & Leadership
  • Cross-border Tax Structuring & Treaty Optimization
  • Corporate, International & Indirect Tax
  • Strategic Tax Planning & Risk Management
  • Transfer Pricing & BEPS Compliance
  • Tax Technology & Process Automation
  • Litigation Management & Risk Mitigation
  • Expatriate Tax & Global Mobility Programs
  • Stakeholder Engagement & Advisory

Timeline

Director - Corporate Tax & Regulatory

PwC
07.2024 - Current

Director – International Tax & Regulatory

PwC
04.2022 - 06.2024

Sr Manager International Tax

PwC
03.2018 - 03.2022

Senior Manager Tax

Tata International Limited
10.2014 - 02.2018

Manager – Financial Reporting

Oriflame India Pvt. Ltd.
04.2013 - 09.2014

Manager –Tax

Oriflame India Pvt. Ltd.
04.2010 - 03.2013

Assistant Manager

Tata Communications Ltd.
04.2007 - 03.2010

Valuation – Certification - undefined

ICAI

IFRS – Certified Level - undefined

ICAEW

B.Com. (Hons.) - undefined

University of Delhi

Chartered Accountant (CA) -

The Institute of Chartered Accountants of India

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