Job Title

Senior Tax Specialist

South Africa, Western Cape
Back to jobs
Market Related
Area: South Africa, Western Cape
Sector: Retail Trade
Posted: 16 February 2024

Job Details

Role Purpose

The purpose of the Senior Tax Specialist role is to manage and review Tax Reporting and Transfer Pricing calculations of the Group. This is a Group wide role and will cover calculations and related submissions for the RSA and non-RSA Group entities. The role supports the tax team to maintain and develop on their mandate by delivering end-to-end tax services in line with the Group’s internal tax policies, procedures and templates. The role acts in accordance with the financial reporting plan with a specific focus on the quarterly, half-year and year-end reporting periods. The role operates cross-functionally with the Non-RSA and Group Finance teams to review all tax calculations and provisions ensuring that all information is timeously and accurately reviewed, providing assurance to all Tax related stakeholders.

 

Role Description

  • Reviewing of corporate income tax calculations (South Africa and various non-RSA group companies).  
  • Reviewing all corporate income tax return submissions and reconciliations of tax accounts for various non-RSA group companies. 
  • Reviewing administration related to withholding taxes (including dividends, interest and technical fees) of RSA and non-RSA Group entities. 
  • Preparing and reviewing quarterly, half year and year-end Reporting including but not limited to:
    • Review of the Group Effective Tax Rates and across all jurisdictions.
    • Formulate new processes for Pillar 2 and ensure Group readiness for implementation.
    • Performing detailed Analytical reviews and analysis.
    • Reporting on Key Drivers of Effective Tax Rates across the group and corroborating with the business.
    • Review of corporate deferred tax calculations for all Group companies in order to ensure compliance with IFRS. 
    • Providing input into Group Tax Accounting Policies and application of IFRS changes to Group Tax Reporting
    • Review/update Group AFS Tax Disclosure
    • Calculation of the Group transfer pricing calculations (including the review of interest etc.) and related consolidation processes (Intercompany transactions, Forex, Variance clearing)
    • Ensure all TP processes and Tax reporting processes and related controls are working and regularly reviewed and updated. Ensure that TP processes are reviewed holistically and corroborated with commercial, TP Policy and is relevant (up to date).
    • Processing of tax and transfer pricing journals on the SAP and BPC systems. 
    • Review Corporate income tax calculations for all Group companies in order to ensure compliance with IFRS. 
    • Liaising with Group Finance and Finance Business Partner and ensure all deadlines are met.
    • Tax impact on items of a capital nature that impact headline earnings per share and provide input to the Group Finance team (example: headline earnings per share – for all company codes).
    • Review Tax Accountant preparation of Hyperinflation tax effect (checking journal posting accuracy).
    • Review Tax Accountant preparation of Hyperinflation tax effect (items of a capital nature).
    • Tax effect of inter-company long term loans.
    • Tax effect of forex on lease liabilities for application of hedge accounting.
    • Tax effect of unrealised forex – cumulative total.
    • Review of tax disclosure – ZAR forcing translation entries, tax rate recons (other exempt income and non-deductible expenses) deferred tax recons, deferred tax breakdowns, tax losses, long term loan forex split.
  • Performing tax administration and compliance functions of the Shoprite Group including SARS e-Filing and other Revenue Authority websites. 
  • Assisting with Revenue Authority Audits (South Africa and the non-RSA group companies). 
  • Providing Tax advisory services and related planning inputs. 
  • Improving internal controls and checks in the tax department. 
  • Managing training clerks rotating in the tax department, compiling theoretical tax competency linked tasks, reviewing their work, coaching and guiding them for success. 

 

Qualifications and experience

  • B Com Hons or equivalent – essential.
  • Tax qualification, Charted Accountant (CA) – essential .
  • +8 years’ experience in a group/multinational setting and/or significant exposure to the Big Four or similar environments, with an auditing background –
  • +3 years’ experience providing specialised corporate tax review and advisory services and/or managing the tax function (or in a similar specialised tax orientated role), in a multi-stakeholder portfolio with internationally distributed locations and demonstrable exposure to:
    • Internal financial controls and risk matrices (IFCs) – audit;
    • IFRS, AFSs, corporate income tax calculations, deferred tax, transfer pricing, consolidation and foreign currency translations – essential.
    • Dealing with revenue authorities, auditors and other Group Finance orientated stakeholders. 
  • Exposure to FMCG retail sector in a Group wide cross-functional structure – preferred.
  • Working knowledge of SAP, Excel and SAP BPC – advantageous. 
  • Proficient in English with additional languages such as Portuguese and French – highly beneficial. 
  • Limited travel may be required from time to time.