Taxation TL - Apparel group

Job Description:

Analysis and preparation of Periodic VAT & WHT Returns for Apparel Group Companies falling under GCC, including timely filing of Withholding Tax and VAT Returns.

· Vendor wise VAT Input Credit Analysis (Standard Rated, Import and Reverse Charge) Eligible and Ineligible ITC Analysis.

· Preparation of WHT Certificates

· Doing ledger scrutiny of Financial Statement (Specifically Revenue, Expense and Value added tax ledgers) such as VAT Receivable, VAT payable and RCM (input) and RCM (output), WHT Control, WHT Payable Ledgers.

· Manage the preparation of complex / high volume VAT declarations from beginning to end, including data collection, preparation in accordance with the filing protocol, submission, payment, and upload in the VAT filing dashboard.

· Assist in gathering necessary backup support documentation for VAT reporting, request VAT invoice revisions and VAT invoice credits as necessary.

· Ensure that VAT accounting entries are correct and reconciled with the other relevant data, such as VAT declarations, P&L, and intrastate filings

· Complete all VAT related accounting activities upon which VAT returns depend, including control checks of transaction data and review of supporting tax documentation to identify any errors or anomalies.

· To ensure that the Periodic VAT & WHT settlement entries are uploaded to GL on a timely basis, and that a robust control environment exists around the Management Accounts VAT process

· Full responsibility for VAT Returns and WHT returns (and supplementary forms Intrastat) for all the Group Companies

· Preparation of MIS which includes Dashboard & YTD Reconciliation for VAT GL, WHT GL and submitting to the management on timely basis

· Discussion and recommendations to IT teams for developing the reports, to setup a smooth and a standardized process for VAT and WHT compliance of the company.