Manager Taxation

Effective Business Solutions; Islamabad Capital Territory; On-site; PKR 2,000,000 - 2,750,000; Full time

Job summary

A financial services firm is seeking a Tax Manager in Islamabad. The role involves managing tax deposits, deductions, and returns, ensuring compliance with tax laws and regulations, and developing strategic tax planning. Strong analytical and communication skills, along with proficiency in tax-related software, are essential. Candidates should have a CA, ACCA, CIMA, ACMA, MBA or Masters in Finance or Taxation background.

Qualifications

• Proficient in processing tax deposits, deductions and returns.
• Sound knowledge of Income Tax Ordinance, 2011, Sales Tax Act, and Federal Excise Act.
• Ability to meet deadlines under pressure.

Responsibilities

• Manage tax deposits, deductions & returns to comply with laws.
• Develop and implement tax planning strategies.
• Respond to tax queries from branches and authorities.
• Manage corporate tax compliance including tax return submissions.

Skills

Strong analytical skills

Interpersonal communication

Time management

Negotiation

Self-starter

Assertive

Conflict resolution

Adaptability

Education

CA, ACCA, CIMA, ACMA, MBA or Masters in Finance or Taxation

Tools

MS Office suite

Excel

Job description

Overview

CA, ACCA, CIMA, ACMA, MBA or Masters in Finance or Taxation

Job Objective: Processing of all applicable taxes and coordinating with tax authorities, tax council and bank branches for tax related activities.

Responsibilities

1. Manage Tax Deposits, Deductions & Returns
   • Ensure that Bank deducts and deposits tax in accordance with applicable tax laws.
   • Track Bank advance tax deductions.
   • Prepare withholding tax, advance tax and sales tax/FED statements/returns as required by applicable laws.
   • Prepare Bank annual tax returns in consultation with tax council.
   • Ensure all relevant records of taxation are prepared and maintained.
   • Compute monthly Corporation tax liability.
   • Prepare Reconciliation of all indirect and direct tax ledgers.
2. Taxation Planning & Implementation
   • Develop and implement tax planning strategies and tax efficient structures.
   • Assess the impact assessments of taxation laws for short (day-to-day) and longer-term business interests of the company.
   • Responsible for quality assurance of the taxation-related procedures /activities.
3. Liaison with External & Internal Stakeholders
   • Respond to all tax queries from branches and tax authorities.
   • Handle court cases, assessments/audit/appeals at tax forums and tax cash flow management.
   • Engage/assess and manage performance of tax consultants/lawyers.
4. Compliance
   • Manage corporate tax compliance including review and submission of tax returns.

Job Specification

• Strong analytical, interpersonal communication and time management skills.
• Negotiator, self-starter, assertive, team player, highly punctual and able to resolve conflicts without compromising on job objectives.
• Should have the ability to meet deadlines under pressure
• Sound knowledge of Income Tax Ordinance, 2011, Sales Tax Act, Federal Excise Act & related circulars and its interpretation.
• Proficient in processing tax deposits, deductions and returns.
• Proficient in MS Office suite especially Excel.
• Ability to adapt to changing environment.