PricewaterhouseCoopers Bangladesh Private Limited
PricewaterhouseCoopers Bangladesh Private Limited
PricewaterhouseCoopers Bangladesh Private Limited
Follow
More jobs from this company
Summary
- Vacancy: —
- Location: Dhaka
- Minimum Salary: Negotiable
- Experience: At least 8 years
- Published: 18 Jul 2024
Requirements
Education
- Bachelor of Business Administration (BBA) in Finance
- The candidate should have a Chartered Accountant degree (CA).
Experience
- At least 8 years
- The applicants should have experience in the following business area(s):
Software Company, IT Enabled Service, Consulting Firms, Audit Firms /Tax Consultant, Research Organization, Financial Consultants
Responsibilities & Context
This is an exciting and high-value-added job role being created primarily focussing on tax, regulatory and finance matters.The role is in the Finance organisation and will be internal to Finance only.The individual will utilise his/her knowledge to ensure tax compliance in Bangladesh, educating the business team on tax impact on engagements by analysing the tax and regulatory laws of Bangladesh and international tax laws as may be relevant to the transaction, impact from income tax , VAT and Regulatory perspective, analysing the tax cost, minimise the tax loss and reporting to various stakeholders.This role will require extensive analysis and sound technical understanding of tax laws. Ensure timely tax (direct and indirect tax) compliances with accuracy, maintenance of correct tax accounting records, documentation, review of financials, and monitoring compliances with SoP.This role will require communication with business teams, regulatory and tax offices.This role will have a moderate level of supervision and direction and the candidate is required to work with high levels of accuracy.
Core Responsibilities
- Ensuring Timely compliance with accuracy to tax and regulatory requirements as applicable including tax assessments and Statutory Audit.
- Ensuring the compliances with the country tax law including corporate tax, personal tax and indirect tax and other regulations like foreign exchange, immigration laws and signoff from stakeholders.
- Ensuring compliances by business teams on country tax position ( Tax SoP) and Operations guidelines by conducting regular review meetings with the business teams.
- Advising on the tax implication on the contracts and guiding the business team on the potential tax and immigration implication.
- Analyse the impact on the transactions with respect to tax treaty Bangladesh has with other countries, overseas country indirect tax law, other regulations like foreign exchange, immigration laws and analyse the impact of Bangladesh withholding and VAT.
- Drive tax cost efficiency with analysis of various data, leading discussions with various stakeholders to ensure zero tax leakage.
- Monthly VAT Returns Preparation and Submission, TDS Deposit, PF Transfer, Quarterly FDI Report, Half yearly TDS Returns Submission, Yearly Form 108 and 108A Submission, Yearly Tax Returns
- Ensure timely collection of WHT & VDS certificates, issuing WHT & VDS certificates to Vendors.
- Ensuring system readiness and validation to apply correct WHT Rates and VAT rates are applied, and VAT & Tax are deducted where applicable. Also work on Implementation of new VAT compliance Software.
- Regular review meetings with the finance team to discuss the changes required in SoP.
- Ensuring timely and accurate tax book closures, tax provisions, Foreign Tax Credit, contingent liability in the Bangladesh books of accounts.
- Ensuring the timely tax payments after obtaining due approvals.
- Ensuring timely & correct advice on WHT rate for foreign payments.
- Ensuring the timely compliances & advisory on NBR related matters
- Ensuring adherence to tax accounting and provision, Tax Control Framework and zero finding during internal audit. Ensuring timely update of accounting manual and process SoP.
- Review of various processes for tax compliances and deliverables of the process.
- Reporting to various stakeholders on compliance status, analysis on risk categorisation and cost leakage.
- Review meetings with Global Mobility team for various data points and ensuring deliverable
- Owner of Tax and Regulatory Documentation and Data management.
- Ensuring efficient and effective use of Bank Balances and invest in FDs if excess money is available
- Opening Performance Guarantee for Business
- Help Bank reconciliation team to identify all BRS items and responsible persons
- Ensuring timely remittance approval
- Prepare financials of the company in line with IFRS, IAS and local corporate act and manage external audits.
- Educating various teams in finance and business to ensure compliances, tax payments and accounting and technology team for various data inputs and integration of different reports. Reviewing to ensure data quality in various reports.
- Leading the efficiency mapping and enhancing by standardising the process, gap analysis and enhancement of applications.
Employment Status
Full Time
Job Location
Dhaka