tax ManagerFilinvest Group

JOB SUMMARY:
The Tax Manager serves as the point person for all tax matters and is primarily responsible for the tax compliance of FDC and other related entities handled by FDC Accounting. He/she develops tax strategies and policies that will help deliver maximum tax efficiency at the same time maintain strict compliance with enacted tax laws and regulations. In addition, he/she works to identify potential tax problems and propose corresponding solutions. She coordinates with Tax Counsel for tax audit requirements and reconciliations.
JOB DESCRIPTION:
Tax Compliance
Manages compliance, accurate reporting, and timely and appropriate filing and payments of taxes.
Reviews tax calculations, tax reports, applications and tax returns for filing, payment and submission with regulatory bodies and other external parties (BIR, LGU, External Auditors, etc).
Reviews tax balances in the accounting records (general ledger, trial balance, financial statements) and reconciles with tax returns (tax returns and certificate of creditable withholding taxes) to ease process in reconciling Tax Deficiency in cases of Tax Assessment/s.
Checks the annual computation of gross receipts to be filed to the local government and its reconciliation against VAT returns and Gross Revenue certification as of yearend, monitoring and submission of requirements, filing and payment of business permits in LGU.
Maximizes the early payment discounts for certain taxes (real property taxes, interest on final tax assessments).
Manages the annual registration and submission of computerized books of accounts (registered books under Computerized Accounting System/CAS).
Monitors the appropriate use, handling, requisition and registration of BIR issued receipts (Official receipts, Acknowledgment receipts), sales invoice, service invoice, billing statement, and other applicable documents, including coordination with accredited printers and obtaining.
Trains, develops and mentors accounting and tax assistants (as applicable) and shares tax updates, regulations and tax compliance processes with other team members and departments, as necessary, and in accordance with leading tax practices.
Ensures that tax regulations and policies are implemented, monitored and documented.
Tax Audits and Assessments
Monitors the status of tax audit, applies timely coordination of the audit with the Tax Counsel, and ensures strict compliance and response to BIR assessments.
Manages the documentary requirements, supporting vouchers and contracts, and other proofs to substantiate the tax issues.
Prepares reconciliation and presentation of tax schedule and related reports for review of Tax Counsel, Accounting and Tax Head, CFO, and Tax Committee.
Liaises, assists and monitors the documents for signature such as waivers, petitions, testimonials, etc.
Calculates the tax risk and provides recommendation with consideration of tax savings.
Coordinates with BIR, Independent CPA (ICPA), Tax Counsel and External Advisors in handling tax audits. Act as an authorized representative in meeting with these third parties, if and when required or as necessary.
Reviews petition drafts and replies to BIR correspondences, and provides necessary recommendation to Tax Counsel.
Organizes tax files and notices
Tax Planning, Related Party Transaction and Other Tax Reporting, Transfer Pricing, and Others
Tax Planning
Leads the tax planning activities such as annual tax review of SGV Tax Team
Recommends presentation of critical tax issues for review and discussion of Tax Committee
Studies new Tax Laws, Rules and Regulations (includes attending trainings and seminars) to ensure company's compliance to the new tax laws that are applicable. Related Tax Memos should be prepared (seminar to be conducted as needed) and submit to Accounting and Tax Head for approval.
Prepares projected tax computation for budget and 5-year forecast to foresee any future tax impact such as expiration or possible application of NOLCO, utilization of creditable withholding taxes and other tax simulation activities required for fund raising activities.
Prepares tax recommendation for future roll-out after a careful study of tax issues, e.g. disposition of issues on nontax or business expenses, optional standard deduction, etc.
Leads transition from CAS permit applications of current accounting system to new ERP, as needed.
Manages electronic reporting requirement updates such as E-receipting, and other electronic submission to be required by the BIR.
Related Party Transactions (RPTs) and Other Tax Reporting
Manages and supervises the preparation of periodical reports on related party transactions for reporting to the BIR and SEC (BIR 1709) in an interim and yearend basis.
Reviews the Annual Tax Summary required by RR 15-2010 disclosed and filed together with the AFS.
Raises concerns and provides recommendations on proper take-up and tax implication of RPTs Transfer Pricing.
Checks and reviews the transfer pricing documentation or TPD
Coordinates with External Advisors and internal finance heads to obtain updated TPD every two years or as necessary Others.
Provides internal tax advisory services and support on business operation matters.
Participates in the review of ERP to ensure tax compliance and whenever necessary, raises IT concern which can facilitate.
Conducts status meeting to make sure that the team is on the same page with the goal of the department, to address certain issues that needs to be cascaded to Accounting and Tax Head. In some cases, organizes meetings with related entities to promote uniformity and consistency in application of tax rules and policies.
Identifies and mitigates tax risks by developing or implementing best practices.
Coordinates with other departments and other entities regarding various tax matters.
Ensures that tax policies are implemented, monitored and documented.
Implements proper tax filing system initiate and monitor organization of tax files to be useful for tax audit.
Entertains transactional queries concerning tax issues from staff and other departments/sections, subsidiaries, affiliates and auditor (e.g. VAT remitted for contracts and response to access letters from BIR)
Renders other related tax services as needed from time to time.
QUALIFICATIONS:
Preferrably Certified Public Accountant with minimum 5 years of relevant experience in taxation accounting, tax compliance and all types of tax returns. Preference given to those with experience in handling tax audit or conducted tax audit.
Experience in BIR, BOI, LGU and other statutory regulatory requirements.
Experience in BIR Audit
Advance skill in Microsoft Excel
Proficient in CAS
Knowledge in Financial Analysis and Reporting
Experience in conglomerate company or related industries
Effective business communication skills