Tax Accountant Full Time

SUMMARY OF FUNCTIONS:

The Tax Accountant plays a key role in the efficient processing of day-to-day tax-related tasks, including reviewing vendor and customer invoices for tax compliance and support in maintaining accurate records for FTA compliance. This position supports tax return filings, monthly and year-end reconciliation processes, and ensures compliance with tax regulations. The Junior Tax Accountant will also assist in identifying areas for improvement and provide guidance on basic taxation procedures.

ESSENTIAL DUTIES & RESPONSIBILITIES: 

• Review and record vendor tax invoices, student invoices, ensuring adherence to tax regulations, university policies and procedures.
• Process accurate recording of all tax-related transactions, updating systems as needed to maintain full compliance to tax regulations.
• Prepare calculations, documentation, and filing of tax returns.
• Maintain well-organized and accurate records of all tax-related transactions and coordinate with AP & Tax accountant, to provide necessary documentation and reports to tax auditors, and consultants.
• Coordinate with tax consultants and external auditors in order to provide information related to AP, Taxation, inventory, and fixed assets related matters.
• Monitor daily bank transactions and investigate and resolve discrepancies between bank statements and accounting records on time.
• Prepare the monthly bank reconciliation process to ensure the accuracy and completeness of financial records.
• Generate reports on reconciliation activities, cash flows, and suggest areas for improvement.
• Participate in quarterly and year-end closing activities, including reconciling tax, bank, asset,s and clearing account related balances.
• Assist in implementing controls and procedures to enhance the efficiency of tax and reconciliation processes.
• Contribute to process improvements, and assist in the policy development, and digitalization initiatives.
• Provide support and training to office and college staff on taxation policies, procedures, and other compliance requirements.

QUALIFICATIONS & EXPERIENCE:

• Bachelor’s degree in Accounting\ Finance, or related field, with at least 2 years of experience directly related to the Taxation and reconciliation duties and responsibilities specified.
• A UAE VAT Diploma is highly preferable.