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Senior Associate - Group VAT

1.00 to 10.00 Years   Abu Dhabi, UAE   17 Nov, 2023
Job LocationAbu Dhabi, UAE
EducationNot Mentioned
SalaryNot Mentioned
IndustryReal Estate
Functional AreaNot Mentioned

Job Description

Support in handling all VAT-related transactions and documentation to ensure that tax practices align with the financial reporting statutes, standards, and best practices in the UAE.Client DetailsOur client is a leading real estate development group with the primary goal to craft top-tier real estate developments for Abu Dhabi, ensuring a secure and profitable investment portfolio for all stakeholders. Committed to setting new benchmarks in innovation, excellence, and value in urban design and sustainable development, they prioritize the immediate and future welfare of Abu Dhabi and its residents.They have successfully executed dynamic and pioneering projects spanning residential, retail, hospitality, and commercial sectors. At the core of their achievements are versatile professionals offering expertise and insights from various parts of the world.DescriptionExecute all transactions related to VAT, ensuring that documentation aligns with the financial reporting statutes, standards, and best practices in the UAE.Guarantee the precision, timeliness, and compliance of all tax and VAT-related matters with the relevant authorities, facilitating the efficient reimbursement of outstanding credit balances.Manage day-to-day transactional processing and reporting on VAT, ensuring the accurate posting of all tax-related entries.Provide accounting support to ensure financial transactions adhere to VAT regulations in the UAE.Develop VAT reports for payables and receivables, ensuring that collections and payments align with UAE regulations.Prepare monthly and/or VAT liabilities, VAT returns, regulatory reports, and filings.Responsible for preparing the annual corporate income tax return and transfer pricing documentation.Ensure the prompt submission of monthly and/or quarterly VAT returns for UAE entities.Provide support for requests from tax authorities, including updates on portals and letters, as needed.Stay informed about changing tax laws and legislation in the UAE, updating the Director of Financial Operations on any alterations to ensure accurate and timely information on VAT regulations in the UAE.ProfileMin of 4 years of experience of financial accounting and management accounting experienceExperience of accounting within real estate or related industry is preferredPreferably with in-house experience in a Big 4 firmUnderstanding of UAE VAT laws, VAT registration and implementationKnowledge of and ability to apply international accounting standards and ERP systemsKnowledge of and ability to adhere to internal controlsProfessional accounting qualification e.g., CPA or CTA is preferredJob OfferThe successful candidate for this role will be offered a competitive monthly salary with annual air tickets, medical insurance, and education allowance.

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