Tax Compliance and Administration
- Prepare and submit periodic tax returns, declarations, and other statutory filings within prescribed deadlines.
- Compute, review, and reconcile applicable taxes, including Value Added Tax (VAT), Withholding Tax (WHT), Company Income Tax (CIT), and other relevant taxes and levies, as assigned.
- Monitor compliance with applicable federal and state tax requirements across the Company's business operations.
- Maintain an up-to-date tax compliance calendar covering filing deadlines, payment dates, renewals, and other statutory obligations.
- Ensure timely remittance of taxes deducted or collected by the Company and maintain evidence of payment.
- Monitor changes in tax legislation and communicate relevant implications to the Finance team and other affected departments.
Tax Accounting and Reconciliation
- Prepare tax schedules, computations, supporting workings, and reconciliations for review and approval.
- Reconcile tax control accounts and statutory deductions against the general ledger, invoices, payment records, and relevant supporting documents.
- Verify the accuracy of tax invoices, credit notes, withholding tax deductions, and VAT records.
- Investigate and resolve discrepancies in tax balances, assessments, and remittance records.
- Support the accurate recognition and reporting of current tax liabilities and other tax-related balances in the Company's financial records.
- Maintain records of tax credits, deductions, recoverable taxes, and outstanding tax obligations.
Tax Audit and Regulatory Liaison
- Coordinate the preparation and submission of documents required for tax audits, investigations, and regulatory reviews.
- Liaise with the Nigeria Revenue Service (NRS), relevant State Internal Revenue Services, and other authorised tax agencies on routine tax compliance matters, subject to approval and delegated authority.
- Track tax assessments, queries, notices, and correspondence, ensuring timely responses and resolution of outstanding issues.
- Maintain a register of tax audits, assessments, disputes, and outstanding compliance actions.
- Support the preparation of responses to tax queries and the review of proposed assessments.
- Escalate potential penalties, disputed liabilities, and significant tax exposures to the appropriate supervisor.
Payroll and Employee-Related Tax Compliance
- Collaborate with Human Resources and Payroll to ensure the accurate computation, deduction, reconciliation, and remittance of Pay-As-You-Earn (PAYE) taxes.
- Reconcile payroll tax schedules against payroll reports, employee records, and statutory remittance evidence.
- Support the preparation and filing of applicable employee tax returns, annual declarations, and other payroll-related statutory submissions.
- Monitor changes in personal income tax requirements and advise the relevant teams on their operational implications.
- Maintain appropriate documentation for payroll tax audits and employee tax compliance reviews.
Tax Planning and Advisory Support
- Identify potential tax risks arising from business transactions, procurement, imports, sales, contracts, and intercompany transactions.
- Review transactions and supporting documentation to ensure appropriate tax treatment in accordance with applicable legislation.
- Support the assessment of tax implications for proposed business arrangements, capital expenditure, and contractual commitments.
- Identify opportunities to improve tax efficiency within the law and recommend appropriate corrective measures.
- Assist in evaluating the tax implications of changes in legislation, business operations, and accounting procedures.
Documentation and Internal Controls
- Maintain an organised electronic and physical archive of tax returns, computations, receipts, certificates, assessments, correspondence, and supporting documents.
- Ensure the availability and integrity of tax records for internal review, external audit, and regulatory inspection.
- Adhere to approved financial policies, delegation of authority, document management procedures, and internal control requirements.
- Identify control weaknesses in tax processes and recommend practical improvements.
- Support the implementation of tax compliance procedures across relevant business units and Group entities, where applicable.
Reporting and Stakeholder Collaboration
- Prepare periodic tax compliance reports highlighting filings, remittances, outstanding liabilities, assessments, and potential exposures.
- Provide tax schedules and supporting documentation for monthly, quarterly, and year-end financial reporting.
- Collaborate with Finance, Procurement, Sales, Human Resources, Payroll, Legal, and other relevant departments to obtain accurate information for tax computations.
- Follow up on outstanding withholding tax certificates, VAT documentation, and other tax-related evidence from customers, suppliers, and business partners.
- Perform other related duties as may be assigned by the line manager.