Assistant Manager, Tax & VAT Compliance

Grameen Telecom Trust; United Kingdom; On-site; GBP 30,000 - 45,000; Full time

Job summary

An organization focusing on technology and telecommunications is seeking a Tax and VAT Specialist to assist in ensuring compliance with tax regulations and implementing effective tax management systems. The ideal candidate will have knowledge of the Bangladesh Income Tax Act 2023 and VAT Act 2012, experience in financial reporting, and strong communication skills. Responsibilities include managing tax submissions, responding to tax authority inquiries, and maintaining accurate financial records.

Qualifications

• Knowledge of the Bangladesh Income Tax Act 2023 and VAT Act 2012.
• Experience in tax reporting and compliance.
• Ability to liaise with tax authorities and consultants.

Responsibilities

• Assist in Planning and implementing an effective Tax & VAT management system.
• Maintain statutory compliance per Bangladesh Income Tax Act and VAT Act.
• Assist in computing income tax and ensure timely submission of tax returns.
• Respond to NBR letters/notices on Tax and VAT matters.
• Prepare hearing documents for tax assessments.
• Submit Monthly VAT Return and quarterly withholding Tax Return.
• Prepare and maintain VAT register and record as per law.

Skills

Tax management

VAT compliance

Financial reporting

Regulatory compliance

Communication skills

Job description

• Assist in Planning and implementing an effective Tax & VAT management system to ensure the organization remains both tax-efficient and fully compliant
• Maintain all the statutory compliance as per Bangladesh Income Tax Act 2023, VAT Act 2012 & and other rules and regulations.
• Assist in computing income tax based on actual, budgeted, and projected financial statements, following NBR guidelines, and ensure timely submission of the tax return with all required documents
• Respond to NBR letters/notices on Tax and VAT matters and assist in taking necessary actions on any issues in line with the Income Tax Act 2023, VAT Act 2012, and accepted practices.
• Assist in preparing hearing documents and explain the position of the organizations before the DCT for the purpose of completion of the assessment.
• Assist in preparing written representation or reply in response of any query from the tax & VAT office in respect tax & VAT issues.
• Submit Monthly VAT Return in due time.
• Submit quarterly withholding Tax Return in due time.
• Prepare and maintain VAT register and record as per law.
• Liaison and work closely with Tax and VAT circle offices to resolve issues related to the company's Tax and VAT matters.
• Identify and mitigate tax risks by filing appeals, providing explanations to tax authorities, and exploring alternative solutions
• Preparation of about Tax Reconciliation, Tax Checklist monthly.
• Assist in providing regular tax reports to senior management and the board, and maintain direct relationships with tax consultants of all entities to obtain timely advice on specific tax issues
• Ensure timely deduction and deposit of Tax Deducted at Source (TDS) and VAT Deducted at Source (VDS) as per National Board of Revenue (NBR) rules and ensure proper record-keeping for VAT, TDS, and VDS transactions in an organized manner.
• Assist in internal and external audits by providing accurate financial data and supporting documents
• Should have overall knowledge about Income Tax Act. 2023 and Value Added Tax & Supplementary Act 2012.