DescriptionThe Tax Specialist II is responsible for the preparation of requirements for tax compliance, including but not limited to collating withholding tax certificate, proof of input and output Value Added Tax (VAT) for filing, reconciliation of Withholding Tax accounts, chasing of tax certificates, ad-hoc regulatory compliance, manage tax related queries, reconcile tax filings with payments, maintain database of filed returns and proof of payments and check cost pool entries and preparation of tax schedules for Automation Solutions Middle East & Africa (MEA). He/She is required to apply appropriate internal controls in compliance to Corporate Policies and Procedure (CP&P) and Generally Accepted Accounting Principles (GAAP) mainly for Automation Solutions Middle East and Africa.
ResponsibilitiesDuty 1: Withholding Tax (WHT) Filing
Check period to date transactions are appropriately deducted for WHT
Proposes WHT adjustments and required local government compliance for transactions not subjected to tax but should have been withheld using comparative analysis
Ensure compliance on the propose adjustment to clear WHT payment and reflect the tax Profit and Loss effect on the correct accounting period
Review the draft return prior sending to Site Controllers for filing and payment
Reconcile payment and returns to ensure that all valid Input and Output VAT are paid
Maintain database copy of tax remittance for reference on future audits
Duty 2: Value Added Tax (VAT) FilingCollate all the VAT records in a calendar month
Validate the transactions against the supporting documents to determine correct tax application
Generate and analyse zero-rated transactions
Prepare the Reverse Charge Mechanism, Export Sales, Goods Imported into the country and Return Form through analysis of zero-rated paid invoices based on the country specific regulation
Review the draft returns prior sending to Site Controllers for filing and payment
Reconcile payment and returns to ensure that all valid Input and Output VAT are paid
Maintain database copy of tax remittance for reference on future audits
Duty 3: Chasing of WHT Tax CertificateAnalysis of the WHT account details to validate correctness of the balance and reconciles with trial balance
Send follow up mails to customers for certificates that has not been received bearing in mind to observe the escalation matrix
Notify the Site Controller on tax certificates for onshore collection
Reconcile and resolve discrepancy between the total tax certificate received as against the balances posted in the ledger through escalation to concerned stakeholders
Maintain database copy of tax remittance for reference on future audits
Duty 4: Reconciliation of Tax Filings against PaymentRequest copy of the WHT tax Filing from the Tax advisor
Reconcile payment, WHT Filed and the WHT summary prepared and submitted to the auditor using comparative analysis
Seek clarification from the tax advisor for any deviation
Instruct the Auditor to adjust the next month’s remittance based on analysed results and ensure compliance on the recommendations
Duty 5: Reconciliation of Credit Note against WHT tax monitoringReconciliation of Credit Note against WHT tax monitoring
Investigate deviation by tracing back the transaction in the system using root cause analysis
Proposes adjustments and operation/process improvements based on the analysed results and ensure compliance on the recommendations to avoid recurrence of the issues and effect on the financials
Duty 6: Reconciliation and ReportingTax SchedulesGenerate summary and details of Tax Account balances
Update the schedule for the current period transactions and eliminate/knock off offsetting balances
Ensures that schedules tie up with General Ledger balance
Investigate and propose adjusting entries affecting profit and loss or balance sheet to correct account balances
Upload and certify details of schedules in Blackline
Audit **Prepares and provide audit requirements to the site and auditors
Education:Bachelor's Degree in Accountancy or any Accounting related degreeJob Related Experience:At least 3 years work experience in tax and regulatory compliance, general accounting, cash receipts application, Intercompany transactions and auditSpecific Knowledge:Local and International Tax and Regulatory complianceProficient in MS Office applications with background in MS Outlook.Proficient in using ERP applications such as Oracle/SAPKnowledgeable in Internal controlKnowledgeable with GAAPSkills:English Communication skills (oral & written)Analytical SkillsAttention to detail skills
Interpersonal skills
Ability to follow detailed workflow and instructions
Time / Work management skills
Business Understanding:Experience in working for a Shared Service or BPO set upJob Type: Full-timeExperience:Taxation: 3 years (Required)
Education:Bachelor's (Required)
Location:Quezon City (Preferred)
Language:fluent English (Required)
