Analyst, Taxation

RAKBANK; Dubai; On-site; AED 120,000 - 150,000; Full time

Job summary

RAKBANK is seeking a Taxation Analyst to join their Dubai Silicon Oasis team. The role involves preparing VAT returns, ensuring compliance with VAT laws, and managing VAT-related activities. Ideal candidates will have a strong background in finance, particularly in VAT regulations, and experience in large businesses.

Qualifications

• 3-5 years of experience in a large business (turnover 500m+).
• Knowledge of banking systems and products is a plus.

Responsibilities

• Prepare monthly VAT returns with supporting documents.
• Ensure accuracy in VAT calculations.
• Manage all VAT-related activities, including invoicing and return calculations.

Skills

Knowledge of UAE VAT law

Understanding of tax regulations

Knowledge of banking systems

Knowledge of Power BI

Education

Chartered Accountant

Certified Public Accountant

Tools

Power BI

Job description

At RAKBANK, we believe in fostering a culture of innovation, growth, and excellence. We are not just a bank – we are a community that thrives on teamwork, cutting-edge solutions, and the highest standards of governance. Now, we’re looking for a dynamic Taxation Analyst to join our team at Dubai Silicon Oasis, where you'll leverage your expertise in finance to develop and deploy innovative models and insights that align with the bank's strategic objectives, ensuring measurable impact and value creation.

Job Description

1. Prepare monthly VAT returns with supporting documents.
2. Ensure accuracy in VAT calculations.
3. Check P&L reconciliation for VAT payable and ensure accuracy.
4. Reconcile VAT across systems and coordinate with IT for discrepancies.
5. Verify PDF tax invoices and credit notes monthly for corporate and retail clients.
6. Calculate Input VAT and convert based on Central Bank rates.
7. Perform control checks for Input VAT to ensure compliance.
8. Ensure adherence to VAT laws and regulations.
9. Recommend automation for VAT processes and participate in transformation initiatives.
10. Complete VAT activities within internal and regulatory deadlines.
11. Verify manual tax invoices and ensure proper approval processes.
12. Prepare process notes and documentation related to VAT.
13. Handle other tax returns such as ESR, CbCR, TRC, and related obligations.
14. Review documents to advise on potential tax impacts.
15. Manage all VAT-related activities, including invoicing and return calculations.
16. Perform calculations related to Input and Output VAT.
17. Review reports and calculations concerning Input VAT.
18. Address VAT queries from business units and handle customer complaints.
19. Ensure VAT compliance across activities.
20. Prepare documentation for VAT filings and other tax obligations.
21. Liaise with auditors and provide explanations/supporting documents.
22. Interpret VAT and other tax laws to advise on transactions.
23. Provide system and non-system solutions to ensure VAT compliance.

Qualifications

1. Chartered Accountant or Certified Public Accountant.
2. Knowledge of UAE VAT law and regulations.
3. 3-5 years of experience in a large business (turnover 500m+).
4. Knowledge of banking systems and products is a plus.
5. Understanding of tax regulations and standards.
6. Knowledge of Power BI and automation tools is advantageous.