Head of Tax

Job Details

JOB PURPOSE:

To create and manage a governance structure around all tax-related regulations – VAT and Corporate tax and ensure compliance with all regulations, timely submission of all tax returns, and ongoing review of systems and products. Ensure efficient tax structure and tax cost optimization for the Bank.

Main Responsibilities and Accountabilities: 

Develop the Governance structure around all tax-related regulations and obligations

• Develop and implement a policy for VAT compliance covering all the touchpoints, system setup and output tax collection criteria.

• Review input VAT recovery criteria to ensure efficient tax optimization

• Monthly submission of VAT returns while ensuring the accuracy of tax calculations

• Setup and compliance of VAT policy for the Bank and ongoing review of system setup for output tax recovery

• Ownership of output tax recovery setup in the core banking / Xcelerate system in compliance with regulations along with the IT team.

• Review and enhance the input VAT recovery mechanism for efficient tax rate for the Bank • Monthly review and reconciliation of all VAT-related GL accounts.

Education:

• Bachelors degree in Finance, Accounting, Commerce or other related field
Professional / Technical Qualifications / Diplomas: • A professional qualification (e.g., CPA, ACCA, CA) is mandatory

Experience:  Minimum of 15 to 18 years of post-degree experience in the banking sector/tax consultancy performing financial reporting and taxation responsibilities