Tax Manager

INDUSTRY: BANKING

HR World Ltd on behalf of our client, we are looking for a Tax Manager who will be responsible for managing the Bank’s tax strategy, ensuring full compliance with local and international tax regulations, minimizing tax risks, and optimizing tax efficiency. The role involves tax planning, reporting, advisory, and ensuring timely filing of all tax returns. The Tax Manager will act as the primary point of contact for all tax-related matters, including audits, compliance, and liaison with tax authorities and external advisors.

Responsibilities:

• Ensure timely and accurate preparation and filing of all statutory tax returns (e.g., VAT, PAYE, Corporate Tax, WHT, Excise Duty, etc.) for the Bank and local group entities.
• Monitor compliance with local and international tax laws, including transfer pricing and double taxation treaties.
• Conduct regular reviews of tax computations and submissions to ensure accuracy.
• Develop and implement tax planning strategies to optimize tax efficiency and minimize tax liabilities.
• Provide guidance on tax implications for business decisions, new products, and corporate transactions
• Advise management on tax reforms and legislative changes that may impact the Bank.
• Identify, assess, and manage tax risks, including conducting periodic tax health checks.
• Liaise with tax authorities to resolve issues arising from tax audits and investigations.
• Maintain robust documentation to support tax positions and defend the Bank against audits or disputes.
• Oversee the preparation of accurate monthly, quarterly, and annual tax provisions in line with IFRS and regulatory requirements.
• Reconcile tax accounts in the general ledger and prepare tax-related reports for management.
• Support statutory and internal audits by providing all required tax-related information.
• Act as the primary liaison between the Bank and tax authorities, external tax consultants, and auditors.
• Train and mentor internal teams on tax compliance and awareness.
• Represent the Bank in industry tax forums and discussions to stay updated on emerging tax trends.
• Ensure effective adoption and utilization of risk management tools.
• Drive remediation of risk management exceptions identified during audit or risk reviews.
• Promote risk management cultured
• Ensure the implementation of proposed financial recommendations from various consultants such as tax consultants
• In-depth knowledge of tax compliance, planning, and reporting within a financial institution context.

Qualifications:

• A Bachelor’s Degree in Commerce, Accounting, Taxation or a related field.
• Must be a holder of CPA (T), ACCA or equivalent
• Minimum of 7 years of experience in tax management, preferably in a corporate or public accounting environment

Interested candidates may send their CVS to career@hrworld.co.tz before 27th January 2025

Only successful candidates will be contacted