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Tax Consultant

3.00 to 7.00 Years   Riyadh, Saudi Arabia   20 Dec, 2023
Future Careers Middle East Freezone LLC
1 Jobs Openings
Job LocationRiyadh, Saudi Arabia
EducationBachelor's degree / higher diploma
SalaryNot Mentioned
IndustryRetail & Wholesale; Catering, Food Service, & Restaurant
Functional AreaNot Mentioned

Job Description

A Global client based in Riyadh is hiring a Tax Consultant to analyze and interpret tax regulations and prepare required tax reports so that the organization meets its tax obligations and objectives.ÿ

  • Successful implementation of VAT.
  • Maintain controls by adhering to the accounting department?s policies and procedures, and ensure Tax practices comply with Kingdom of Saudi Arabia financial reporting statutes, standards, and financial reporting best practices.
  • Review and monitor custom duties and excise duties in line with laws, and regulations.
  • Reconcile accounts, post journal entries, and maintain a complete and accurate general ledger by accounting principles and reporting schedules so that the organization has a full and accurate statement of its financial position related to the Tax.
  • Process Tax related payments (e.g. WHT monthly payment, filing of WHT returns, VAT returns, etc.).
  • Review invoice entries in the system, ensure all payments have the necessary approvals and signatures, prepare reconciliation checks, and process payments as per the company policies & and procedures and the third-party contract agreement.
  • Monitor and resolve issues relating to approvals, record discrepancies (if any), billing discrepancies, and incorrect information on the accounts related to taxation.
  • Conduct day-to-day transactional processing and reporting on taxation.
  • Researching, analyzing, and interpreting changing tax legislation both inside the kingdom and internationally.
  • Monitor the tax liability related to WHT, VAT and Zakat every month.
  • Working with tax laws in the Kingdom and updating the changes.
  • Compile, verify, and analyze financial information and prepare financial reports and accounting statements (reports may include monthly VAT liabilities, WHT returns, VAT returns, regulatory reports, and filings).
  • Communicate and report the status of pending critical payments to ensure managements awareness of delays affecting the company?s operations and incurred financial liabilities.
  • Prepare period-end closing transactions (monthly/quarterly/annually).
  • Coordinate projects involving internal and external audits to ensure that they have appropriate access to information and people within the organization.

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