Company Name : Bupa Arabia

Manager – Zakat and Tax

bayt.com

Job Description

  • To understand and comprehend Zakat, Tax, WHT, TP and VAT regulation and guidelines.
  • To prepare a summary of any updates on regulation and guidelines
  • Understanding regulations and rules related to objections against GAZT assessments including, deadlines, formalities, communications, submissions, and the GSTC working mechanism.
  • To prepare and review all GAZT filings considering the guidelines and regulations on a timely manner.
  • To prepare and review all responses to GAZT queries for audits, assessments including inspections requirements.
  • To coordinate with zakat/tax advisors to prepare full analysis of GAZT assessment and completion of appeals documentation in a timely manner.
  • To prepare and review Zakat, and Tax provisions and Deferred tax calculation and disclosures in Financial Statement.
  • To prepare tax equalization for foreign shareholders tax position.
  • To ensure proper zakat and tax provisions are maintained all over the year.
  • Assist in preparing AOP and Forecast numbers of Zakat and Tax charges on ongoing basis
  • Provide advice to management on all Zakat and Tax and related inquiries.
  • Collect sales/ purchasing contracts information and to ensure complete filing of that to GAZT through ERAD.
  • Advanced Arabic language skills and proven ability to response to official communications with structured and organized manner.
  • Establish communication with the company’s relationship manager at GAZT and align with him/ her in respect to all zakat and tax related matters.
  • Maintaining full historical records of filings, proof of payments, reconciliations related to zakat and tax matters, and correspondences with GAZT, GSTC, and ADRC.
  • Assist tax advisor in preparing annual zakat and income tax declarations by filling our required schedules and preparing requested breakdowns in a timely manner.
  • Ensure timely filing and settlement of annual zakat and tax liability.
  • Ensuring timely payment of advance income tax payments.
  • Prepare working and file retention release letters and to keep records of that.
  • Prepare monthly withholding tax returns in light of the regulations, GAZT interpretations, and best business practices.
  • Ensure timely filing of monthly returns and settlement of liability.
  • Review agreements with vendors and partners to advise on applicable withholding tax rates.
  • Understanding the double taxation treaties and their applicability on our dealings with vendors and partners.
  • Prepare requested breakdowns and reconciliations by GAZT related to withholding tax matters.
  • Prepare and review monthly value added tax returns considering the regulations, GAZT interpretations, and best business practices.
  • Ensure timely filing of monthly returns and settlement of liability.
  • Review agreements with vendors and partners to advise on applicable withholding tax rates.
  • Prepare analysis of updates in VAT regulations and the impact of that on the company operations and compliance.
  • Prepare requested breakdowns and reconciliations by GAZT related to VAT matters.
  • Respond to clients’ queries related to VAT.
  • Reviewing frequently the company practice and advise on ways to improve VAT regulatory compliance.
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