Responsibilities
Review, prepare, and file income tax, VAT, and Excise tax returns or review the tax returns before filing
Coordinate financial reporting; prepare monthly analysis and financial reports; assist in the preparation of monthly reporting requirements to corporate office.
Support the head of tax on tax related research and analysis
Review reconciliations of tax GLs, Withholding income tax (Resident and Non Resident) Withholding VAT (resident and Non Resident) Deffered 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 reduction opportunities.
Ensure accurate and timely payment of instalment taxes
Confirm the expenses for allowable and non-allowable expenses
Confirmation of additions or disposal of assets from the subsidiaries FAMS and correct classification for capital allowances as per tax law.
Accurate and timely preparation and review of the deferred tax rate
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 on follow up of issues raised by the revenue authority
Input and harmonisation of the defense on the issues raised by the revenue authority as presented by the consultants and the respective departments
Identify tax risks and cost impacts
Manage the workload of the tax group, including month-end closing
Provide ad hoc tax data and reports as required by various internal departments.
Lead/participate on a variety of teams in order to complete special projects
Interact and coordinate requirements and activities with government and external auditors
Provide training guidance, development, and problem solving to tax group
Prepare reconciliation of tax accounts and maintain supporting documentation
Maintain current and deferred tax schedules, return to provision reconciliations
Assist with research of issues and monitor change in tax law
Manage external Audits for both KRA and financial statements Audits
Ensure adherence to KRA Tax Regulations and requirements
Meet all other requirements as assigned
Requirements:
Education
Bachelor’s Degree or equivalent in Accounting, Finance, Economics or Law
CPA K or ACCA finalist
Related Experience
4 – 6 years of job related experience
Skills / Knowledge
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
High degree of initiative, personal responsibility and integrity
Conversant in dealing with all Kenyan Taxes
Thorough knowledge of Taxation Laws and of Tax processing systems
Thorough knowledge of the Itax KRA portal
In-depth knowledge of PAYE, VAT, Income Tax Acts, Customs and Excise Tax
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