Accounting Specialist Tax & Compliance

Purpose statement

• Responsible to prepare periodical tax reports and settle tax payables to ERCA.

• Responsible  to assess, plan, monitor, manage, control and coordinate with tax authority all tax related issues (as per tax law/rule/regulation).

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Output

Responsibilities 

Functional and Behavioral Competence

1

30

Achieving deadlines for Periodical Tax reporting.

• Responsible for preparation of tax declaration (VAT, WHT, Income tax, profit tax, Cost sharing, Pension Fund, Monthly sales & purchase reports, Tax on capital transfers and other taxes).

• Determine the Company’s tax position and the applicability of taxable/non-taxable instruments.

• Accumulate, analyze, and process financial accounting data to prepare tax returns and payments.

• Gather financial information and prepare tax filings for various reporting requirements.

• Make sure all taxes are recorded on the right GL account on daily, weekly and monthly basis against documents.

• Perform ERCA E-Filling and preparation of e-tax payments.

• Follow up and submit sales & Purchase reports for ERCA after approval of financial planning and control manager.

• Manage and control add back expenses and ensure accurate transaction passed on monthly & annual base.

• Periodically review of tax provision accounts and update necessary records.

• Assisting with closing at the end of every month and preparing monthly metrics and statistics

• Adequacy & Effectiveness of the tax proclamations, regulations & rules Compliance 

• Time Management

• Numerical Competency

• Ability to work under pressure and meet organizational deadlines. 

• An assertive and pro-active approach. 

2

25

Proper Tax Administration. Monitoring, Evaluation and Execution

• Advise & control all tax rules applicable on company’s benefit packages and payments

• Follow application of all respective governmental tax laws.

• Maintain communications with Tax personnel, and Fund Administration on engagements regarding identified and ongoing tax issues.

• To advise the company on the business laws, regulations, codes and policies which apply to the company and ensure that the company complies with all those relevant. 

• Ensure compliance with tax laws, related, and practices. 

• Recommend tax efficient for existing business and new business setups. 

• To assist the Company in all its new business setups, renewal of business license, Agreements and Contracts documents preparation.

• To advise tax rules & standard of conduct and to monitor that all tax rules & standards are adhered to by all departments of the Company. 

• Responsible for tax planning and tax efficiency of the company.

• Facilitate, support and follow up tax audit carried by LTO, custom offices, external auditors and other regulatory body.

• Responsible to gather and report business change reports to ERCA on monthly basis.

• Responsible to process and obtain permission from ERCA for tax vouchers documents printing.

• Responsible to support and advice any tax related Audits upon request received from ERCA office. 

• Responsible to process & follow tax return

• Responsible for POS Machines periodical servicing & renewal process. Also, to report tax office when the pos machines not operational or shortcoming.

• Responsible to control the Finance Department documents archive.

• Investigate and resolving any discrepancies & irregularities concerns of tax.

• Following very specific and strict deadlines to prepare monthly tax declaration report, payment preparation & submission.

• Assist with the development of in-house tax training programs.

• Ensure all operations and functions are always carried out effectively in accordance with tax proclamations & regulation. 

• Keeping business up to date with all policy changes.

• Prepare and update tax manual for the users.

• Reporting all daily, weekly & monthly work-related activities

• Perform other duties when assigned

• Keep financial document with maximum care.

• Keep the confidentiality of financial information and documents.

• Never disclose any financial information without the approval of department head or the person in charge

• Additional duties as directed by supervisor. 

• Adequacy & Effectiveness of the tax proclamations, regulations & rules Compliance 

• Regulatory Filing

• The ability to communicate articulately and efficiently with other people within the company

• Ability to work under pressure and meet organizational deadlines. 

• Good command of English & Amharic is necessary 

• Excellent organization skills and great attention to detail. 

• Strong interpersonal and communication skills are essential.