Senior Economist :Personal Income Tax Analysis at National Treasury

REQUIREMENTS :

• A Grade 12 coupled with a minimum Bachelor’s degree (equivalent to NQF level 7) in Economics or Finance or Taxation. A minimum of 4 years’ experience of which 2 years should be at an Assistant Director level or equivalent obtained in economic analysis and research. Knowledge and experience of research on tax policy. Knowledge of the broader Tax Policy Framework pertaining to Personal Income Taxes. Knowledge and experience of Econometric and Statistical analysis and formulation.

DUTIES :

• Evaluate Impact Analysis of Personal Income Tax (PIT) Reforms: Initiate the estimation of proposed tax adjustments for the National Budget and their fiscal impact. Propose tax adjustments to the individual income tax regime that will contribute to alleviate poverty and unemployment and provide adequate social assistance to vulnerable groups (children, sick, elderly and those with disabilities). Initiate appropriate adjustment of tax brackets, rebates and marginal tax rates for individual’s personal income tax s for the Budget. Personal Income Tax allowances: Conduct research on the effectiveness and fairness of tax allowances for individuals. Investigate and determine which transport and home office allowances should be deductible from personal income tax. Develop a new and appropriate framework for allowances and suggest the relevant legislative amendments in a discussion document. Social Security, Pension and Retirement Reform, and Other Savings (specifically as it relates to individuals): Conduct analysis and provide inputs on incentives, disincentives, potential behavioural consequences and distributional impacts resulting from the interaction of the tax system with savings and social security, pension and retirement reforms, Analyse savings and social security, pension and retirement reforms. Individuals and Personal Savings, wealth and investment: Initiate the development of discussion documents pertaining to taxbased incentives for non-retirement savings, wealth and investment taxation. Develop policy instruments and qualitative (research) and quantitative (econometric models) for the appreciation of taxpayer behaviour pertaining to taxation of wealth and investment and how it may impact savings. Engage and debate with internal and external stakeholders on personal savings initiatives, wealth taxation and investment behaviour. Respond to Parliamentary, Ministry, and Public Enquiries; and research on MTBPS and Budget: Prepare informed and concise written responses, in a timeous manner. Raise pertinent tax policy issues from correspondence or enquiries with line manager (and other relevant NT officials) and suggest the appropriate process to follow to address these issues. Contribute to the MTBPS and annual Budget preparations