Tax Assistant Manager at Equity Bank Kenya

Responsibilities

• Review, prepare, and file income tax, VAT, and Excise tax returns or review the tax returns before filing
• Coordinate financial reporting; prepare monthly analysis and financial reports; assist in the preparation of monthly reporting requirements to corporate office.
• Support the head of tax on tax related research and analysis
• Review reconciliations of tax GLs, Withholding income tax (Resident and Non Resident) Withholding VAT (resident and Non Resident) Deffered Tax, Prepaid Instalment Tax, Stamp Duty, Interest on Deposits, Withholding Dividends (Resident and non-Resident), Output VAT and Excise Duty.
• Review journals to streamline the tax GLs
• Review and ensure correct and timely payment of the monthly taxes (Withholding tax, excise duty, VAT)
• Identify tax reduction opportunities.
• Ensure accurate and timely payment of instalment taxes
• Confirm the expenses for allowable and non-allowable expenses
• Confirmation of additions or disposal of assets from the subsidiaries FAMS and correct classification for capital allowances as per tax law.
• Accurate and timely preparation and review of the deferred tax rate
• Compute the annual effective tax rate
• Review of contracts for financial and tax compliance considerations
• Maintaining a tax tracker on all tax issues arising and make follow ups and ensure they are conclusively resolved.
• Follow up with the respective departments to ensure on follow up of issues raised by the revenue authority
• Input and harmonisation of the defense on the issues raised by the revenue authority as presented by the consultants and the respective departments
• Identify tax risks and cost impacts
• Manage the workload of the tax group, including month-end closing
• Provide ad hoc tax data and reports as required by various internal departments.
• Lead/participate on a variety of teams in order to complete special projects
• Interact and coordinate requirements and activities with government and external auditors
• Provide training guidance, development, and problem solving to tax group
• Prepare reconciliation of tax accounts and maintain supporting documentation
• Maintain current and deferred tax schedules, return to provision reconciliations
• Assist with research of issues and monitor change in tax law
• Manage external Audits for both KRA and financial statements Audits
• Ensure adherence to KRA Tax Regulations and requirements
• Meet all other requirements as assigned

Requirements:

Education

• Bachelor’s Degree or equivalent in Accounting, Finance, Economics or Law
• CPA K or ACCA finalist 

Related Experience

• 4 - 6 years of job related experience

Skills / Knowledge

• Proficient in MSWord, MS Excel, MS PowerPoint
• Ability to work effectively in a collaborative work environment
• Demonstrates sound organizational and prioritization skills; high performance levels under tight deadlines
• High degree of initiative, personal responsibility and integrity
• Conversant in dealing with all Kenyan Taxes
• Thorough knowledge of Taxation Laws and of Tax processing systems
• Thorough knowledge of the Itax KRA portal
• In-depth knowledge of PAYE, VAT, Income Tax Acts, Customs and Excise Tax