JOB PURPOSE
Ensure Tax reporting & Compliance, VAS, Account Receivables
Key Related Activities
Accounting
• Submits Quick Collection Reports (QCR)weekly, weekly check of receipts and monitor monthly the gap between what was declared to be collected and what was collected and define corrective actions to be implemented.
• Ensures full month- end activities: revaluation of AR, calculates Rolling Sales monthly, books provision of warranty/bad- debt/commission expenses, books inter- co transactions, completes inter- co reconciliation.
• Archive Tax returns, reports for Statistics Authority, Tax invoices.
• Check input VAT, output VAT to revise VAT return in time.
• Reconciles Sales in SAP against that in BO report.
• Manages accounting records on SAP.
• Add descriptions to General Ledger in Excel, for entries missing descriptions before printing out.
• Sort and match Export Customs Declaration Forms with Export Invoices.
• Issue debit notes, credit notes.
• Issue E- invoice for Export & Local.
• Verify validity of each input tax invoice for VAT refund.
Credit Controlling
• Monitors actual cash collection and receipt of advance payments from customers and the status of credits and debts.
• Maintains and ensures correct Terms of Payment in SAP customer master data.
• Monitors status of Bank Guarantees received from third party customers, propose to make amendments if needed, coordinates with Salesmen to claim Bank Guarantees with full supporting documents.
Tax
• Ensures for the auditing of tax returns and related tax obligations for all group companies coordinating local administration teams.
• Collaborates Group functions in order to ensure correct tax compliance of extraordinary events.
• Prepares quarterly VAT returns/amendments.
• Coordinates with consultants to ensure in- time submission of CIT returns.
• Provides inputs for innovative tax planning to review complex income tax returns with the aim to promptly identify and mitigate tax risks.
• Submits declaration and makes payment of Withholding Taxes and prepares supporting documents (contracts, memo of Service Completion etc.) for each transaction with overseas contractors.
• Uploads deliverables to the platform of Tax consultant in time and sufficiently.
• Provides the review of the year- end Corporate Income Tax, deferred taxes calculation, and Effective Tax Rates for all the companies of the Group.
• Update changes in tax and accounting laws to guide colleagues to ensure compliance with legal regulations
• Calculates, makes payments for provisional/final CIT
Transfer Pricing
• Follows up on contracts related to tax and transfer pricing consultancy and audit.
• Books Inter- Company transactions and ensure correct reconciliation of Interco balances and transactions at each month- end.
• Coordinates with consultants to complete the yearly TP documentation, Master file etc.
• Prepares Consolidation excel file for all Interco balances and transactions at year- end, draft and collect Inter- Company confirmations of reconciliation.
• Issues invoices quarterly to Interco partners.
Compliance
• Prepares Official Letters to send to Tax Office for Inquiries if any
• Coordinates with consultants to renew/amend expired documents
• Archives hard- copies and soft- copies of BVN&039;s licenses, Charter, Resolutions of Member&039;s Council
• Contacts and co- works with consultants for revision of BVN&039;s licenses, charter, Resolutions of Member&039;s Council
Monthly reports
• Submits report of Import Export activities.
• Submits report of Industrial Manufacturing Report.
• Submits report of Status of Investment Capital of BVN&039;s shareholder.
• Submits Data Inquiry on Manufacturing activities of the company.
• Submits report of Direct Investment.
• Submits monthly VAT Return.
Quarterly reports
• Submits quarter report of Status of Investment Capital of BVN&039;s shareholder.
• Submits Inquiry on the Trend of Manufacturing of BVN.
Semi- annual reports
• Prepares dossiers for VAT refund for 6 months.
• Prepares Official Letters to send to Tax Authority to revise tax payable/tax under- paid/over- paid if any
• Reconciles outstanding receivable/payable with tax authority.
• Contacts tax officers to reconcile and verify VAT Return, withholding tax payable between BVN&039;s submission and Tax authority&039;s database.
Year- end activities
• Submit yearly reports to Statistics Authority.
• Splits P&L for Original Project/Expansion Project /Trading activities to apply different CIT %
• Co- works with tax consultants for CIT return.
• Prepares VAS accounting book yearly.
• Reconciles data on CIT return with audited Financial Statement.
• Prepares data for audits FS sections related to Sales, AR, Taxes.
