Group Zakat & tax manager
Al Subeaei Holding AIMS Group
Total years of experience :20 years, 2 Months
• Managing tax compliance for Consolidated Zakat, VAT & withholding tax including the preparation, filing and payment of returns insuring timely and accurate compliance.
• Analyzing and responding to ZATCA inquiries and managing the appeals against ZATCA assessments and escalation of cases to GSTC
• Develop Zakat strategic platform cascaded from finance department strategic platform
• Develop and follow-up the implementation of internal control procedure of zakat and taxes for the company and subsidiaries.
• Define appeal strategy, coordinate, and manage the appeal phases (settlement committee, GSTC …)
• Updating the business on relevant Zakat, VAT, WHT and general Tax regulations.
• Reviewing Contracts with suppliers and clients to mitigate tax related risks.
• Monthly reporting to management on tax operations.
• Manages communication / representation with tax authorities, external advisers, external auditors and tax/business organizations.
Review monthly and quarterly VAT returns and VAT payment/repayment allocation between intercompany accounts. • Advise management through strong verbal and written communication regarding complex VAT law, business transactions, projects business transactions, projects, Ad Hoc tax queries, accounting and financial topics as well as ensuring the organization to be up to date on changes in legislation. • Tax Compliance and Governance: manage periodic and annual tax filings, reporting, returns, tax provisions and approvals. • Lead projects to implement new Tax requirements and changes (i.e., E- invoicing, VAT rate, Excise Tax …) • Drives initiatives to optimize local taxes and duties consistent with business objectives. • Tax risk management: drive actions to identify potential Tax risks especially inter-group transactions, Shared service agreements, Transfer pricing, financing arrangement and coordinate actions to mitigate related risks. • Internal Tax reporting: review of the internal Tax Schedules to ensure that provision for ZAKAT liability, tax risks, deferred taxes and future income tax benefits are adequate. • Manages tax / Customs audits and queries: coordinate the preparation of Audit requirements, review collected data and drive adequate actions to minimize Tax exposure. • Manage Tax litigations: define appeal strategy, coordinate, and manage the appeal phases (settlement committee, GSTC …) and Lead on final negotiation with Tax Authority. • Manages communication / representation with tax authorities, external advisers, external auditors and tax/business organizations. • Excise Tax: handle products registration, monthly Tax reconciliation vs Oracle, bi-monthly Tax reporting and communication with ZATCA. • Transfer Price: coordinate the yearly update of the transfer price documentation with support of COC. Prepare the yearly related parties disclosure form and ensure review / submission by Tax consultant.
• Provide intelligent and creative solutions to VAT issues both re-actively and proactively
• Provide internal and external audit support, including data analysis
• Review month end close procedures, involving preparation/review of tax account reconciliations.
• Submitting VAT Returns and providing Compliance Account Management for key accounts.
• Conduct a continuous VAT risks assessment on vat group.
• The potential effects on margins and pricing and tax impact from VAT leakage.
• Finalizing Tax, Zakat, WHT and VAT returns.
Main job based on tax auditing (Industrial, merchandising and services) companies accounts and make tax accounting reports about these companies. These reports reflect how the company committed with tax rules and how much firm applying the international and local financial & reporting Accounting standards. Auditing the financial statements subject to governmental regulations and/or International accounting and auditing standards including “balance sheet, income statement, retained earnings statement, cash flow statement and tax return". Auditing reports prepared according to Egyptian Accounting Standards and International Financial Reporting Standards (IFRS). Communicating with the Customs Authority to follow up on Companies operations. Ensuring the pursuit of Legal Procedures concerning the Companies objection of taxes payments. Assist and support tax consultants and professionals in handling taxation matters Examining accounts and researching background material; investigating fraud. Negotiating tax settlements with taxpayers and their tax accountants and tax advisor. Preparing a tax report for each audited company. Providing advisory services to the companies I deal with in tax auditing to improve their Tax compliances.
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