Tax Associate
Deloitte - United Arab Emirates
Total years of experience :10 years, 0 Months
-Provides Value-Added Tax (VAT) compliance and reporting services across various industries in the UAE, KSA, Bahrain and Oman with high exposure in the retail, oil and gas, real estate, financial, health and educational sector and entities registered under Designated Zones (DZ).
-Assists the clients in various VAT engagements including but not limited to the following:
a. registration
b. deregistration
c. amendment
d. refund
e. Audit conducted by the Tax Authority
-Provides advice to clients on the VAT implications of business transactions.
-Involves in the process-up of business systems to ensure proper implementation of VAT and compliance with the Law and Regulations.
-Process the VAT data in the automation tool implemented by Deloitte’s Global Indirect Tax Compliance Team.
-Supervises the preparation of tax returns and performed by junior staff in order to ensure correctness and completeness.
-Provided tax compliance and reporting services (e.g., return preparation, tax health check, income tax review, etc.) across various industries in the Philippines, such as, construction, real estate, business process outsourcing (BPO), merchandise and retail, management consultancy services, financial holding activities, hotel and restaurant services, casino and gaming, manufacturing, and entities registered and enjoying incentives under Philippine Economic Zone Authority (PEZA).
a. Corporate Income Tax (income tax accrual and deferred income tax)
b. VAT
c. Expanded Withholding Tax (EWT)
d. Final Withholding Tax (FWT)
e. Withholding Tax on Wages (WTW)
f. Fringe Benefits Tax (FBT)
-Provided advice to clients on the VAT implications of business transactions.
-Assisted our external clients on their input VAT refund or tax assessments received from the Tax Authority.
-Assisted our external clients on their report for input importations assessment (i.e., demand letter) received from the Bureau of Customs (BOC).
-Conducted substantive audit procedures and preparation of complete audit documentation.
-Assisted in the identification of audit issues.
-Assisted in the preparation of financial statements in accordance with International Accounting Standards (IAS)/Philippine Accounting Standards (PAS).
-Assisted in the identification of audit issues.
-Prepared time budgets and audit proposals
-Wrote checks for payables.
-Audited the petty cash and employees’ travel advances liquidation.
-Approved the employees’ budget for travel advances.
-Recorded the transactions (i.e., Payables) in Quickbooks.
-Summarized the daily payables for management internal report.
-Prepared daily disbursement vouchers.
-Verified the cash from Customers deposited in bank.