Tax Accountant at Truworths

Key Responsibilities    

• General – relating to direct and indirect taxes
• Ensuring compliance with indirect and direct tax legislation and changes in requirements, understanding and interpreting of relevant legislation and analysing the impact on the Group
• Take ownership for tax related queries/questions from management
• Tax-related projects: work with Tax Manager and/or external consultants on tax related projects
• Training staff on tax implications that affect their areas (setting up workshops, training sessions etc.)

Tax Forum

• Perform research of tax related matters affecting the Group for discussion at the Tax Forum

CORPORATE TAX

• Income tax (including provisional tax and dividends tax)
• Preparation of company tax returns and supporting schedules accurately and timely
• Detailed review and where required, the performing of, tax account reconciliations
• Calculating provisional tax payments
• Performing year-end tax computations and compiling supporting documentation and audit trail
• Consulting with management on tax related issues

INDIRECT TAXES – VAT, IMPORT VAT, WITHHOLDING TAXES

• Indirect taxes
• Monthly preparation of VAT and import VAT calculations, reconciliations and reasonability tests
• Tax at source (withholding tax): calculation of amounts to be deducted, payment to revenue authorities and reconciliation Preparation of indirect tax returns and payments
• Monitoring export VAT compliance, following op on the status of non-compliant exports and calculation of output VAT adjustments in relation thereto

TECHNICAL ACCOUNTING AND REPORTING

• Technical accounting and AFS
• Keeping up to date with new IFRS being published and determining the effect on the Group
• Investigation of the impact and implementation of new accounting standards
• Responsible for preparation of selected statutory financial statements – compiling, reviewing, processing and liaising with auditors

Deferred tax (accounting)

• Performing deferred tax calculations
• Preparing deferred tax disclosure for annual financial statements and related accounting policies
• Keeping up to date with tax and accounting changes affecting deferred tax

Accounting Forum

• Member of the Accounting Forum – research IFRS related matters for discussion at Accounting Forum

AD HOC / OTHER

• Finance and tax related projects
• Qualifications and Experience    
• CA (SA) or BComm HDip Tax
• Excellent working knowledge of MS Excel essential
• Experience in Oracle Financials preferable
• Excellent attention to detail
• Knowledge and understanding of VAT and Income Tax legislation
• Passionate about tax
• 2-5 years overall experience, with the major portion of experience working in a tax department or tax consulting position
• Strong financial accounting skills
• Experience in liaising with regulators and resolving queries
• Retail Industry experience would be advantageous
• African tax experience and dealing with regulators in the rest of Africa would be advantageous

Competencies    

• Ability to work as part of a team
• Self-starter, self-motivated and self-managed
• Ability to work to tight deadlines/ work under pressure
• Good communicator
• Organised
• Focused