Tax Manager at Rainoil Oil and Gas Company

Job Overview

Location
Lagos, Lagos
Job Type
Full Time
Date Posted
2 years ago

Additional Details

Job ID
64840
Job Views
164

Job Description



Job Summary


To ensure compliance with all tax legislation and minimize tax liabilities within the organization.


Duties and Responsibilities



  1. Leads the Tax planning process and ensures that tax liabilities and exposures are minimized.

  2. Provides internal tax advisory services to business divisions and departments to ensure tax efficiency e. g Payroll structuring.

  3. Oversees the preparation of all applicable tax computations e.g., CIT, WHT, VAT, PAYE etc.

  4. Puts in place measures and liaises with relevant colleagues to ensure prompt processing and remittance of tax payments and the reconciliation of all tax accounts.

  5. Keeps up to date with current industry tax practices and regulations and proactively advises management as appropriate.

  6. Sets up an effective tax record management, update, and reporting process and drives execution.

  7. Ensures that receipts and clearance certificates due to Rainoil and/or employees are collected for all tax payments.

  8. Conducts regular in-house tax reviews and oversees the preparation of tax self-assessments.

  9. Responds to and ensures adequate follow-up to resolve tax queries from the Tax authorities.

  10. Liaises with and monitors the performance of retained tax consultants on tax issues and reports to the Group Head - Finance as appropriate.

  11. Reviews the computation of royalties and technical fees as required.


Qualification Required



  1.  Minimum of a B.Sc in Finance/ Accounting or any related discipline

  2. Professional certifications: Taxation: Chartered Institute of Taxation in Nigeria (CITN) or any recognized international equivalent and ACA - Institute of Chartered Accountants of Nigeria (ICAN) or ACCA - Association of Certified and Chartered Accountants.

  3. Minimum of 5-7 years combined consultancy and/or functional Tax experience including specialization within the Oil & Gas industry.


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