Tax Technical Accountant at TFG (The Foschini Group)

Responsibilities
Tax compliance:

• Corporate income tax: Tax return preparation and submission for all SA taxpayer entities (CFC's disclosure, Learnership allowance schedules and calculations, high tax exemption calculations for TP purposes etc.)
• Provisional taxes: Calculation of Provisional tax (P1, P2 and a top up); responsible for Par 19(3) requests from SARS.
• Dividends tax: Completion, submission and payment where required. 
• Withholding tax: Completion, submission and payment where required.
• Carbon tax: Engage with TFG Sustainability team, obtain required input and Carbon tax calculations, then complete, submit and pay carbon tax.

Tax reporting:

• Assist in the preparation of income & deferred tax calculations for various SA entities for Group Yearend Reporting
• Obtain and collate information required to perform income & deferred tax calculations
• Perform necessary calculations required e.g. learnership allowance, provision for bad debts, section 6quat rebate.
• Assist in the preparation of AFS notes and effective tax rate reconciliations as and when required
• Prepare tax team cost projections every quarter      

Engage with external stakeholders i.e. SARS:

• Iro all requests for verifications, relevant material, audits etc.
• Responsible for maintaining TFG's SARS efiling profile.
• Load/remove Users.
• Update Public officer details when required.
• Requests for extensions.
• Tracking tax due dates and ensure timeous submissions & payments.
• Maintain and monitor a tax compliance dashboard.

Reconciliations and maintenance of tax accounts: 

• Responsible for all income tax account reconciliations and ensuring that long outstanding recon items are followed up on and handled efficiently. 
• Ad hoc support: Assist senior tax managers and the Head of tax as and when required.        

Qualifications

• BCom degree or equivalent with tax at 3rd year level; B. Comm honours advantageous.
• A postgraduate diploma in Tax or equivalent would be advantageous.
• 3-5 years proven working experience in corporate income tax, VAT, WHT compliance.        
• Experience with tax authority engagement and audits.   
• Experience in tax reporting incl. income and deferred tax calculations, effective tax rate recons and AFS tax disclosure advantageous.   

Skills:

• Well-organised, detail-oriented, and able to manage multiple deadlines effectively.
• Strong analytical and reconciliation skills.
• Strong business communication skills with an ability to work well in a collaborative environment with various level of people across all areas/divisions of a business.       
• Ability to draft commentary, analyse information to establish key messages, present information both visually and written.
• Proficiency in Excel and accounting systems.  

Behaviors:

• Collaborates - effectively works with others to achieve shared goals.
• Decision Quality - consistently makes timely, well-rounded and informed decisions.
• Ensures Accountability - takes accountability and ensures others are held to account on agreed upon performance targets.
• Financial Acumen - understands and applies financial concepts and principles to make informed financial decisions.
• Instills trust - inspires trust and gains the confidence of others by displaying honesty and integrity.
• Manages Complexity - interprets and simplifies complex and contradictory information when resolving organisational problems.
• Optimizes Work Processes - assesses and improves the efficiency, effectiveness, and quality of various work processes.
• Organizational savvy - understands and navigates dynamics created by processes, systems, and people.