Group Tax Manager at Famous Brands

Description
Main Outputs and Responsibilities for This Position

Tax Compliance:

• Review income tax returns / provisional tax returns and supporting schedules prepared by Tax Accountant
• Prepare income tax returns / provisional tax returns of subsidiaries in Group
• Ensure that the payments are made timeously
• Ensure accurate disclosure in compliance with IFRS requirements
• Oversee that all returns for the Group are submitted timeously and accurately
• Apply for Tax Clearance certificatesEnsure Integrity of the Group Tax Assets Register
• Calculate and maintain the wear and tear schedules.
• Compliance monitoring to ensure nil interest and penalties due to late submission of returns

VAT:

• Review VAT returns prepared by Tax Accountant 
• Prepare VAT returns of main subsidiaries in Group
• Ensure that the submissions and payments are made timeously
• Update VAT apportionment calculation annually
• Prepare information for VAT verifications audits

Monthly, half year and yearend reporting:

• Ensuring all appropriate group/entity/divisional tax documentation is in place
• Calculate and process monthly tax journals
• Perform monthly Balance Sheet recons
• Perform annual tax calculations (Income tax, Deferred tax and Capital Gains Tax) for the main subsidiaries of the Group
• Prepare a consolidate rate recon for the Group
• Prepare tax notes and tax note reconciliation for Annual Financial Statements
• Execute the Bi-Annually reconciliation with SARS statement of account.
• Review, and where applicable, preparation of the tax computations for the budget forecast reports.
• Assist Group FMs with any queries
• Preparing reports to board committees
• Recoverability of Tax Assets and Completeness of Tax liabilities Maintenance of the Group transfer pricing document
• Maintain integrity of Tax GL accounts (tax expenses, assets & liabilities)SBL return submissions

SARS liaison:

• Solve all queries and tax related issues with SARS and monitor notifications from SARS
• Attend to Revenue Authorities Audits and Information requests
• Establish and maintain a harmonious and beneficial working relationship with SARS and its officials. This is to ensure that:Group is highly regarded from a compliance perspective by the Revenue authorities no unnecessary investigations and audits by SARS.
• Disputes are resolved in an efficient and amicable manner.
• Complete responses are made to Revenue Authorities in the event of queries and progress is regularly followed up.
• SARS errors are identified, objected to and rectified.

Liaising with internal and external auditors:

• Liaise with auditors on tax related matters and calculations.
• Assist auditors with information requests and queries during the year-end audit.
• Implement audit recommendations.
• Ensure the Group complies with all applicable tax laws and regulations
• Ensure compliance with legislation and avoidance of penalties
• Identify tax cost savings and tax efficiencies, wherever possible
• Understand and analyse tax structuring and tax planning opportunities across the Group
• Draft memorandums on legislative changes and impact(s) to the Group
• Identify and manage all tax risks to ensure that the Group’s tax risk is minimised.
• Ownership and maintenance of a tax risk register for the Group, documenting the Group's tax risks and approach to mitigating these risks via processes and controls.Maintenance of Group Tax Policies

Other:

• Preparation of tax papers to ensure compliance on non-standard transactions
• Other ad hoc duties as assigned.

Requirements
Formal Education

• MCom Tax /HDip Tax Law
   

Experience

• 5 years corporate tax experience (at least 2 years in managerial position)
• Previous role as Group Tax Manager in a listed entity (advantage)
• Overseeing tax compliance for 20 – 30 statutory entities 
• Revenue Authority Audits and Queries (non-negotiable)
• Transfer pricing (advantage)Experience with dealing with other African Revenue Authorities