Assistant Manager - Tax and Corporate Services
KPMG
Total years of experience :22 years, 5 Months
• Performed tax audit and preparation of tax basis audited financial statements.
• Preparation of corporate income tax (“CIT”) return with regard to the foreign entities per Kuwait Tax Laws in order to submit with the Kuwait Tax Authorities on behalf of the clients.
• Knowledge on tax advisory services in term of tax planning, international tax compliance and complex tax issues from the client site.
• Knowledge on Gulf Cooperation Council VAT framework and VAT practice in Sri Lanka.
• Reviewing the computation on Kuwait Foundation for the Advancement of Science (“KFAS”), National Labor Support Tax (“NLST”) and ZAKAT (As per Kuwait Laws).
• Managed the tax inspection process with the Kuwait Tax Authorities (“KTA”) on behalf of the clients.
• Performed tax audit and preparation of tax basis audited financial statements.
• Preparation of corporate income tax (“CIT”) return with regard to the foreign entities per Kuwait Tax Laws in order to submit with the Kuwait Tax Authorities on behalf of the clients.
• Knowledge on tax advisory services in term of tax planning, international tax compliance and complex tax issues from the client site.
• Knowledge on Gulf Cooperation Council VAT framework and VAT practice in Sri Lanka.
• Reviewing the computation on Kuwait Foundation for the Advancement of Science (“KFAS”), National Labor Support Tax (“NLST”) and ZAKAT (As per Kuwait Laws).
• Managed the tax inspection process with the Kuwait Tax Authorities (“KTA”) on behalf of the clients.
Monitoring the billing for service rendered outstanding receivables and collections on regular basis.
• Performed the statutory audits and gained knowledge on the preparation of consolidated financial statements for the groups including cash flows in compliance with International Accounting Standards (“IAS”) and International Financial Reporting Standards (“IFRS”).
• Reviewed the Quarterly and Annual Financial Statements of listed companies for the Central Bank of Kuwait, Capital Markey Authority in Kuwait and Stock Exchange in Kuwait in accordance with Local Regulations, IFRS and IAS.
• Performed (from Kuwait) multi geographical audit engagements.
• Performed the Accounting and Compliance Reporting Services (“ACR”).
• Comprehensive supervision and management of audit staff ensuring smooth functioning and timely delivery of effective assurance and related services Responsible in meeting statutory reporting deadline and ensure reporting was completed in accordance with IFRS/IAS.
• Performed the statutory audits and gained knowledge on the preparation of consolidated financial statements for the groups including cash flows in compliance with International Accounting Standards (“IAS”) and International Financial Reporting Standards (“IFRS”).
• Reviewed the Quarterly and Annual Financial Statements in accordance with Local Regulations, IFRS and IAS.
• Performed the Accounting and Compliance Reporting Services (“ACR”).
• Comprehensive supervision and management of audit staff ensuring smooth functioning and timely delivery of effective assurance and related services Responsible in meeting statutory reporting deadline and ensure reporting was completed in accordance with IFRS/IAS.
• Reviewed the internal control systems including manual, automated, and suggesting recommendations for improvements.
• Assist in the development and improvements of the financial reporting policies and procedures.
• Knowledge on specific assignment in term of agreed upon procedures, Investigations of frauds in the case of misappropriation of assets by the management.
• Overseen physical verification of fixed assets, inventory count and cash count conducted by staff.
• Monitoring the billing for service rendered outstanding receivables and collections on regular basis.
- Data entry and accounting double entries
- Preparation of bank reconciliation.
- Preparation of payroll sheet.
- Preparation of monthly management reports.
- Performed the Accounting and Compliance Reporting Services (“ACR”).
- Physical verification of fixed assets, inventory count, and cash count.
- Performed the statutory audits and gained knowledge on the preparation of financial statements.
- Reviewed the VAT return including the supporting schedules in order to submit to the Department of Island Revenue of Sri Lanka.