Job Summary

Responsible for the management of and assistance with the direct and indirect tax affairs of all Liquid Group entities within the EAR, including tax audits, tax governance, planning, advisory, compliance and lobbying. Assist with all accounting requirements for taxes in accordance with the relevant Tax Acts and conduct tax risk assessments and implement policies and procedures, process improvements and best practices in relation to taxation to ensure compliance.

  • Minimum Qualification: Bachelor
  • Experience Level: Senior level
  • Experience Length: 5 years

Job Description



 ACCOUNTABILITY ON TAX EFFICIENCIES AND COMPLIANCE


1 Compliance-Prepare and submit all statutorily required tax returns when due.

• Assist with preparation and lodgement of tax returns and lodgement obligations.
• Update and maintain proper tax compliance registers.
• Tax planning and advisory role to management to limit the exposure to tax whilst maintaining tax asset base in the balance sheet
• Assist with the preparation and submission of the income tax provisions and effective tax rate matters
• Assist with tax payment calculations, payments, and projections
• Assist with correspondence received from the tax authorities
• Assist with reconciling all tax-related GLs, review monthly and any reconciling items cleared within 30 days.
• Assist to calculate the appropriate balance for tax expense, deferred income tax liability or deferred tax asset, and current tax payable for the end-of-period financial statements
• Demonstrate an understanding of temporary differences, both taxable and deductible, and account for their effects on future taxable income
• Determining the proper tax rate to be used in the calculation of deferred tax amounts

TAX RISK MANAGEMENT

2 Advisory

• Raise awareness of tax issues and effectively communicate tax issues to management.
• Compliance with providing advice on day to day tax matters, looking at consistency across the EAR.
• Update and advise business on Tax Payment exposure on an ongoing basis.
• Provide asset management with guidelines in respect of tax treatment of assets.
• Initiate, plan and drive ad hoc tax projects thus ensuring successful completion of all projects which ensure tax compliance.
• Reviewing of contracts to identify possible tax risks and advising on correct tax treatment especially in foreign countries (especially with correct application of VAT, WHT and DTA application)
• Ensure ruling requests relating to issues that affect the organisation are in place, documented and up to date


ACCURACY OF TAX RECORDS AND INFORMATION INFORMATION


3 Governance – Recommendation and implementation maintenance of good corporate governance

• Undertaking the tax “health checks” of the Group’s EAR.
• Assist with audits carried out by Tax Authorities.
• Following up on any review queries and ensure timely resolution of queries
• Compliance with managing of external professional service providers on tax matters, including health checks.
• Maintain and enhance the existing relationship with tax authority personnel.
• Train operational staff in the EAR on taxes when needed.
• Develop and manage relationships with key personnel within EAR
• Review and update the tax systems, procedures and policies.

VALUE ADD SYNERGIES

4 AD HOC PROJECTS

• Identify and advise any opportunities for improved cost management into available tax allowances
• Assists in any assigned Tax related projects for Group.
• Oversee, co-ordinate and advise management on specific tax projects for EAR new and existing business and ensure that all tax processes result in tax efficiencies and compliance.
• Relationship Building & Networking (Lobbying for Tax Act changes)
• Representing Liquid’s Tax Team at Telecommunication Tax forums in the EAR


ACCURACY IN TAX REPORTING

5. Accurate reporting and disclosure of tax information in Annual Financial Statements by;

• Ensuring the maintenance of accurate general ledger reports for clean audit
• Ensuring compliance to accounting standards (IFRS/ IAS12) to avoid audit queries for non-compliance
• Ensuring there are no significant audit adjustments for errors
• Ensuring timely completion of Tax schedules and notes for the AFS preparation
• Ensuring accuracy of Tax notes required for AFS for the Senior Manager to review and sign off
• Understanding and advising on how the adoption of IFRS affects cash paid for taxes



Key Decisions:

Decides on applicable tax treatment of transactions

Accountable for:

•    Accountable for determining the proper accounting for tax-loss carrybacks and carryforwards
•    Accountable for classifying deferred tax assets and deferred tax liabilities on the statement of financial position
•    Accountable for ensuring that the EAR is compliant with all tax legislation and requirements by Revenue Authorities in the relevant jurisdictions
•    Accountable for advice on optimal tax planning.
•    Accountable for quarterly deferred tax assessment.

1.1 Qualifications

Formal Qualifications Required


• Bachelor’s degree (master’s preferred) in finance or Accounting(essential)
• CPS/ CPA will be an added advantage(essential)

1.2 Experience

Experience Required


• 5 Years’ experience in a tax accounting position within a fast-paced and dynamic environment
• Proven and successful experience working at all levels of tax problem analysis, tax preparation and resolution
• Demonstrate experience working on corporate-level-tax analysis and multi-state taxation. He/she will portray vast knowledge of state tax laws, rules and regulations as well as the local tax and regulations

•  Membership of a Professional Tax  or Accounting Body(essential)

1.3 Knowledge Areas

Job-Related Knowledge Required

Essential


• A strong working knowledge of tax compliance matters
• Tax Act and application in financial reporting and statutory reporting
• Specialised knowledge of Income Tax Acts/ Tax Administration Act, DWT act, Double Tax Agreements, VAT Act
• Understand the need for international tax planning
• And the ability to analyze a whole host of information and extract the pertinent facts and make a sound tax analysis thereof
• Ability to prepare and file all aspects of a tax compliance process
• Experience and ability to originate, design and use a tax risk framework
• Understand & apply tax law, identify opportunities and management of the implementation of such
• Have a well-developed analytical, planning and problem-solving skills
• Implement efficient work practices

• Familiar with Microsoft Office, excel, word, and SAP software.


1.4 Skills


Job-Related Skills Required


•  Analytical
•  Effective communication and report writing skills
•  Engagement skills with management at all levels
•  Proactive and organized, able to prioritize
•  Ability to manage multiple tasks concurrently and work to deadlines
•  Pay attention to the broader communication business
•  Ability to work effectively as part of a multi-disciplinary team
•  Balance data and information with timely decisions
•  Ability to work independently and manage own projects
•  Understands how strategies and tactics work in the marketplace
•  Set high personal performance standards







All applications should be submitted to hr.uganda@liquidtelecom.com on or before 2nd September 2020.

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