Accounting Specialist Tax and compliances 20 views

Role: Accounting Specialist Tax & Compliance

Job Summary: 

Purpose :- Responsible to prepare periodical tax reports and settle tax payables to ERCA.

Responsible to assess, plan, monitor, manage, control and coordinate with tax authority all tax related issues (as per tax law/rule/regulation).

Job requirements:

• Responsible for preparation of tax declaration (VAT, WHT, Income tax, profit tax, Cost sharing, Pension Fund, Monthly sales & purchase reports, Tax on capital transfers and other taxes).
• Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.
• Accumulate, analyze, and process financial accounting data to prepare tax returns and payments.
• Gather financial information and prepare tax filings for various reporting requirements.
• Make sure all taxes are recorded on the right GL account on daily, weekly and monthly basis against documents.
• Perform ERCA E-Filling and preparation of e-tax payments.
• Follow up and submit sales & Purchase reports for ERCA after approval of financial planning and control manager.
• Manage and control add back expenses and ensure accurate transaction passed on monthly & annual base.
• Periodically review of tax provision accounts and update necessary records.
• Advise & control all tax rules applicable on company’s benefit packages and payments
• Follow application of all respective governmental tax laws.
• Maintain communications with Tax personnel, and Fund Administration on engagements regarding identified and ongoing tax issues.
• To advise the company on the business laws, regulations, codes and policies which apply to the company and ensure that the company complies with all those relevant.
• Ensure compliance with tax laws, related, and practices.
• Recommend tax efficient for existing business and new business setups.
• To assist the Company in all its new business setups, renewal of business license, Agreements and Contracts documents preparation.
• To advise tax rules & standard of conduct and to monitor that all tax rules & standards are adhered to by all departments of the Company.
• Responsible for tax planning and tax efficiency of the company.
• Facilitate, support and follow up tax audit carried by LTO, custom offices, external auditors and other regulatory body.
• Responsible to gather and report business change reports to ERCA on monthly basis.