Job Description
Location: Surulere, Lagos
Our client is currently in need of a Tax and Compliance Executive who'll be responsible for ensuring an effective tax compliance & planning systems within the Company.
Responsibilities:
- Carry out monthly compilation and timely filing of various regulatory remittances to the appropriate authorities such as FIRS, LSIR/Other States, PENCOM, etc.
- Ensure company compliance with annual filing returns such as PAYE Returns, Income Tax Returns (inclusive of Education Tax, CIT, and others).
- Ensure the Company complies with all federal, state and local tax regulations in place and that maybe released from time to time.
- Ensure statutory deductions are applied by the company and remitted before due date to avoid penalties, and/or fines.
- Take responsibilities of all statutory relevant accounts in the GL and ensure reconciliations are done and accounts properly stated.
- Extract, collate and neatly file relevant documents and proof of tax remittances for easy retrieval to support any tax investigation exercises.
- On daily basis, support Account Payable and other units by providing advice on the applicability or otherwise of WHT on a transaction and the applicable WHT rate.
- Monitor and follow up to ensure the receipt/collection of withholding tax credit notes on deductions made against the Company. Be familiar with the TAXPROMAX.
- Provide monthly update of statutory compliance performance using the Regulatory Compliance Tracker.
- Manage relationships with the Company’s tax consultants and Tax Stations.
- Keep abreast of key developments/changes in tax regulations.
- Perform any other duties that may be assigned.
Requirements:
- 2- 5years experience in managing tax and compliance matters.
- Knowledge and application of the current Finance Acts.
- Experience with handling tax and regulatory matters within and outside Lagos State
- Proficiency in the use of Microsoft Office tools especially Excel.
- High sense of responsibility, accountability, integrity and ethical standards
- A Chartered Accountant, or a Final Stage student.
- Proven relationship with tax stations and tax consultants, are added advantage
- BSC/HND in Accounting, Finance, Economics, or a business-related discipline