Tax Officer at Jotna Nigeria Limited

Description 

• We are looking for a Tax Officer role who will support the Group Tax Manager in ensuring that the Group is compliant with existing tax laws.
• S/He will assist in developing best tax strategies, and proactively managing tax planning, tax returns, tax compliance, audits, and appeals, with the aim to position the Group to take advantage of opportunities provided by tax laws for effective tax planning and savings. S/he shall track the latest developments in the taxation rules and regulations, keep the management updated, and generate reports regularly.

Key Responsibilities
Tax Operation:

• Initiate and process tax journal entries into the respective accounts.
• Ensure monthly VAT returns and remittances on or before due date.
• Ensure monthly WHT returns and remittances on or before due date.
• Ensure monthly PAYE deductions are remitted to the appropriate State Revenue Service on or before due date.
• Assist in the computation of company income tax, education tax, police trust levy and capital allowances.
• Remittance of taxes (VAT, WHT, Capital Gains Tax, Company Income Tax, Education Tax, PTFL) to tax authorities.
• Monitor tax compliance dashboard and report on all tax compliance failure
• Assist in ensuring Group compliance with Transfer Pricing regulations, file annual disclosure and declaration returns.
• Maintain an interface with Tax regulatory agencies as necessary.
• Carry out tax research and advisory assignments as may be assigned.

Acceptance and Tax Clearance Certificate:

• Prepare necessary documents before the Ministry of Industries inspectors visit, arrange for inspection, and follow up on approval for the issuance of acceptance certificate.
• Sends acceptance certificate to Federal Inland Revenue Service
• Complete necessary forms/returns to federal Inland Revenue Services for the procurement of TCC and also support in the procurement of employee's income tax clearance.

Computation of Capital Allowance:

• Computes capital allowance for the purpose of income tax computations using the applicable laws and guidelines.
• Ensure that the computation is provided within the established time frame

Tax Queries:

• Ensure that all tax queries and other tax matters raised by Federal Inland Revenue and State Internal Revenue Service are promptly addressed.

Reporting:

• Generate agreed reports on regular intervals within the given timelines.

Requirements

• Bachelor’s Degree or HND in any course.
• 1 - 3 years experience in Tax Operations.
• Experience in an FMCG organisation or in a Consulting Firm will be an added advantage