Summary

Responsible for all Tax related matters in the Bank.

Responsibilities

• Prepare income tax, VAT, Excise and any other tax returns for review and approval before filing.
• Ensure accurate and timely payment of taxes.
• Coordinate financial reporting, prepare monthly analysis and financial reports, assist in the preparation of monthly reporting requirements to Head Office, in Nairobi.
• Support the Head of Finance and the Group Tax Team on tax-related research and analysis.
• Review reconciliations of tax GLs, withholding income tax (Resident and Non-Resident) Withholding VAT (resident and Non-Resident) Deferred Tax, Prepaid Instalment Tax, Stamp Duty, Interest on Deposits, Withholding Dividends (Resident and non-Resident), Output VAT and Excise Duty.
• Review journals to streamline the tax GLs.
• Review and ensure correct and timely payment of the monthly taxes (Withholding tax, excise duty, VAT)
• Identify tax planning opportunities and avenues for increased tax efficiency.
• Confirm the expenses for allowable and non-allowable expenses
• Accurate and timely preparation and review of the current and deferred taxes.
• Compute the annual effective tax rate.
• Review of contracts for financial and tax compliance considerations.
• Maintaining a tax tracker on all tax issues arising and make follow-ups and ensure they are conclusively resolved.
• Follow up with the respective departments to ensure closure of issues raised by the revenue authority.
• Harmonisation of with strategies closing of issues raised by the revenue authority as presented by the consultants and the respective departments.
• Identify tax risks and cost impacts.
• Provide ad hoc tax data and reports as required by various internal departments.
• Participate in a variety of teams to complete special projects that may have tax implications.
• Interact and coordinate requirements and activities with government and external auditors on matters related to tax.
• Prepare reconciliation of tax accounts and maintain supporting documentation.
• Assist with research of issues and monitor changes in tax law.
• Manage external Audits for both TRA and financial statements Audits
• Ensure adherence to TRA Tax Regulations and requirements
• Meet all other requirements as assigned

 

Education and Qualifications

• Bachelor’s Degree or equivalent in Accounting, Finance, Economics or Law
• CPA(T) or ACCA finalist 

Requirements

• Minimum 3 years of related experience or work with Audit/Tax Consultancy Firm

Characteristics

• Proficient in MSWord, MS Excel, MS PowerPoint
• Ability to work effectively in a collaborative work environment.
• Demonstrates sound organizational and prioritization skills, high-performance levels under tight deadlines.
• A high degree of initiative, personal responsibility, and integrity.
• Conversant in dealing with all Taxes in Tanzania.
• Thorough knowledge of Taxation Laws and of Tax processing systems.
• Thorough knowledge of the TRA tax systems.

Reporting To

Manager - Tax and Regulatory Affair