Job Description
Reporting to the Senior Manager- Tax, the role holder will ensure the company tax compliance by preparing timely tax returns and ensuring adequate controls to avoid tax exposures.
Responsibilities
Key accountabilities and decision ownership:
- Health and Safety
- Uphold the company code of conduct, policies and procedures, ensuring integrity and accountability in every aspect of your work.
- All employees have a responsibility to adhere to safety, health, and wellbeing policies, guidelines and procedures in all actions and decisions.
- Preparation of monthly withholding tax and withholding VAT returns together with supporting schedules to ensure filing by the statutory deadlines.
- Preparation of subsidiary corporate tax returns plus supporting schedules for tax filing and accounting reporting purposes.
- Preparation of quarterly instalment tax payments within statutory deadlines.
- Reconcile withholding tax and VAT receivable balances to issued certificates and the GL account and follow up for any outstanding tax certificates.
- Participate in tax planning efforts to assist the business identify areas of tax exposures as well as tax savings opportunities.
- Review of expenses for optimal claim of input VAT credits.
- Ensure import taxes paid by the company are accurately computed and requisite documents to support duty payments are kept.
- Liaise with the Revenue Authority, internal customers and external auditors to ensure tax-related queries and correspondence are addressed in a timely manner.
- Support the analysis and implementation of tax policy changes because of Finance Bill/Act and gazetted tax policy changes.
- Participate in the monthly Balance Sheet Review processes, including adequately preparing the supporting schedules.
- Participate in preparing tax training materials and presenting during this training session.
- Analysis of fixed assets additions for qualifying investment allowances.
- Support in the preparation of information required during statutory and regulatory audits.
Core competencies, knowledge and experience:
Business Competencies
Working with Others
- Consciously takes steps to make the most of every conversation/interaction
- Identifies people s needs, interests and motives to be able to influence the decisions they make
- Communicates simply to excite and engage people
- Builds and maintains strong relationships and networks
Operational Excellence
- Focuses on achieving maximum performance and driving continuous improvement
- Thinks about processes and problems cross-functionally and end-to-end
- Uses knowledge of products, technology, process, systems and policy to solve problems
Creativity and Innovation
- Finds creative ways to exploit opportunities and solve problems
- Takes risks and pushes what is possible
- Experiments with unorthodox approaches
Business Know how
- Uses data and research to make decisions that are competitively and financially robust
- Balances current and future needs
- Thinks and acts like an owner of the business
- Acts in line with legal, regulatory, professional and ethical standards
Working with Change
- Responds flexibly to changing situations
- Manages the business and people aspects of change to drive performance
Functional Competencies:
Planning and Control
- Analyses performance trends to determine the health of the business
- Maintains controls within Financial Systems through setup control and master data management
Accounting
- Prepares, analyses and summaries financial data to support business operations and delivery statutory information
- Ensures the integrity of processes and systems to record and authorize transactions in compliance with Safaricom accounting policies and regulation
Reporting
- Delivers timely and accurate reports to satisfy statutory and business requirements
- Identifies key performance and variances, and provides recommendations
Tax
- Delivers filings/reports to satisfy statutory and business requirements Combines expertise and commercial awareness to deliver value added solutions
Qualifications
Education & Experience:
- Honors degree from a recognized university in business or related field
- At least one full professional qualification in accounting namely CPA, ACCA, CIMA or an equivalent
- A minimum of 4 years proven track record of having worked in a similar role in the Tax field with a progressive accounting firm or a Law firm or with a minimum of 4 years tax and accounting experience in a well-run company
- Key performance indicators:
- Timely filing of tax returns and payment of taxes
- Collaborate with the Finance Shared Services team to deliver outputs in a timely and accurate manner
- Structure transactions to avoid tax gross-up by reviewing contracts, tax legislation including double tax treaties.
- Organize quarterly relationship meetings with the stakeholders
- Satisfactory stakeholder management.
- 100% compliance with tax laws, processes and procedures
How to apply If you feel that you are up to the challenge and possess the necessary qualification and experience, kindly proceed to update your candidate profile on the recruitment portal and then Click on the apply button. Remember to attach your resume.
About Us
We are the leading telecommunication company in East Africa. Our purpose is to transform lives by connecting people to people, people to opportunities and people to information. We keep over 42 million customers connected and play a critical role in the society, supporting over one million jobs both directly and indirectly while our total economic value was estimated at KES 362 Billion ($ 3.2 billion) for the 12 months through March 2021.
We are listed on the Nairobi Securities Exchange (NSE) and with annual revenues of close to KES 298 Billion ($2.5 billion) as at March 2022. We were founded in 1997 as a fully owned subsidiary of Telkom Kenya before a 40 percent acquisition by Vodafone Group PLC in May 2000, and a public offering of 25 percent shares through the NSE in 2008.
Under the management of Vodafone Group PLC, we welcomed Michael Joseph, as our first CEO, a few months later in July of 2000. He led the company’s growth to accommodate 16.71 million subscribers from the previous 20,000, largely owing to innovative products like M-PESA in 2007.
