Tax Specialist at Discovery Limited

Job Purpose
The Group Tax Department is responsible for the Tax Strategy of Discovery. This encompasses the following functions:

• Responsible for tax planning, compliance, reporting throughout the group
• Provides technical advice to business to ensure compliance with existing and new legislation
• Responsible for tax calculations, tax return submissions, tax accounting and reporting
• Engaging with and managing relationships with South African Revenue Services (SAR

Key Outputs may include but are not limited to:

The jobholder’s responsibilities will be to support the deliverables of the team, which include:

• Preparation/review of various tax reporting requirements for the International Tax Function.
• Assist in the preparation of the various transfer pricing documents e.g. Master File, local file, CBC reporting as required across the group
• Assist in the preparation/review of various section 9D CFC controlled foreign company calculations
• Maintain excellent relationships with the international subsidiaries in order to understand the impact of taxes in their jurisdictions and enable appropriate reporting thereof
• Assist in researching and advising business of tax implications for cross border transactions including implications of double tax treaties and consideration of transfer pricing principles.
• Assist in the preparation of Pillar 2 computations and reporting
• Keep up to date with relevant Income Tax Act and Tax Administration Act and OECD guidelines
• Provide training on technical corporate or international tax matters to business units as required.
• Corporate Tax- preparation of the income tax computations to assist with interim and year end reporting requirements of the Group
• Liasing directly with auditors (internal and external) reviewing the relevant subsidiary tax computations and ensuring the correct tax treatment is applied to mitigate any income tax compliance risks.
• Liase directly with external legal advisors on technical matters as appropriate.

Job / Role Requirements

Work Experience

Required

• 3-5 years experience in a tax department within a large corporate, (financial services is preferable) dealing primarily with local corporate income tax and international tax related matters

Education / Qualifications / Accreditations with Professional Body

• Discovery Limited is the licensed controlling company of the designated Discovery Insurance Group. Registration number: 1999/007789/06. Companies in the Group are licensed insurers and authorised financial services providers.

Required

• CA(SA)

Preferred (would be advantageous)

• Advanced postgraduate qualifications in tax (preferable)

Technical Skills or Knowledge

Required

• Excellent Excel knowledge
• Detailed knowledge, understanding and application of South African tax legislation, particularly international tax related concepts.
• Knowledge and understanding of IFRS