Job Role : Vat Specialist
JOB PURPOSE : Perform activities in support of the Company's tax compliance across finance activities relating to Value Added Tax (VAT) and other applicable taxes.
Perform technical review and prepare Company's VAT return as per Group Tax policy and procedures and report to the Group Tax at Company.
Participate in the provision of Tax advice to senior management where necessary and finance and operational business teams on any routine and non-routine matters pertaining to tax with guidance from Group Tax.
Assists with review and advice on current and future business operations and investment decisions to evaluate, assess and mitigate any tax risk exposures on the company with guidance from Group Tax.
Has regular contact with finance Analysts, Senior Analysts / Specialists and Controllers in other departments, Company and sister companies to obtain information necessary to carry out WA% role for the tax compliance of the Company.
KEY ACCOUNTABILITIES VAT Compliance :
Act as the key focal point for the company to represent its VAT responsibilities towards the Company Tax Department.
Reports to Company Tax Department in respect of VAT reporting package on a monthly I quarterly basis required as being part of Company VAT Group.
Ensure Company's compliance to the deadlines as directed by Group Tax and all documentation requirement to be submitted for Company VAT Group Consolidation and submission to the Federal Tax Authority.
Reports to Finance Manager with regards to VAT reports and VAT position of the company quarterly / monthly and obtains relevant sign-offs on finalized VAT reports and returns as directed by Group Tax Department.
Regularly be involved with technical input to Accounts Payable, Accounts Receivables, Procurement and sales teams to ensure VAT compliance on day-to-day transactions.
Ensures implementation of any new or updated processes with regards to tax within the Company as and when directed by Finance and / or Group Tax Department.
Assists with collation of necessary documents in respect of the VAT reports as directed by Group Tax Department.
Ensure clearing of internal VAT control accounts and reconciliation of VAT refunds and / or VAT payments to Company after the end of each taxable period or as advised by superior or Group Tax in coordination with internal treasury and finance departments.
Perform necessary adjustments as required during the taxable period (monthly or quarterly) or after the end of the taxable period with the guidance from Group Tax Department.
Provide full cooperation to Group Tax Department in respect of any ongoing and future audits conducted by the Federal Tax Authority for VAT including the collation of documents and reconciliation of VAT returns and financial records in a timely manner.
Maintains a logbook of tax inconsistencies identified, investigated and resolved and escalation of the findings and key risk areas to the business teams and CFOs where necessary to ensure adherence to Group Tax guidelines and strategy.
Identify and propose any system changes that may be required to comply to Group VAT processes, policy and procedures.
Required to have SAP technical competency in order to be able to generate VAT reports and relevant tax data whenever required.
Maintain a productive technical relationship to resolve any issues highlighted by suppliers, customers or international partners and act as a focal point to escalate any issues to Group Tax Department.
Perform other similar or related duties assigned by manager / supervisor such as involvement in related projects that impact the tax accountability of the Company.
T* ax Support and Advisory : *
Assist with the provision of advice on day to day VAT transactions throughout the Group and keep the VAT advisory logbook updated.
Draft guidelines and prepare intemal memorandums for any technical directions to specific department within the Company with the guidance received from the Group Tax Department.
Ability to support the Group Tax function where required.
Degree in Accounting or Business related subject with a relevant specialism in taxes. Minimum Experience & Knowledge & Skills
8+ years of practical experience in Value Added Tax at either Big 4 Accounting Finns or in relevant industry