We are seeking a detail-oriented Tax Compliance Specialist responsible for ensuring the accurate and timely preparation and filing of various tax returns and statements. The role involves managing compliance with income tax, sales tax, withholding tax, and other relevant regulations. The ideal candidate will have strong analytical skills and experience in reviewing tax calculations, deductions, and payments to ensure adherence to statutory requirements. This position requires close coordination with vendors and internal teams to resolve discrepancies and maintain comprehensive tax records.
Key Responsibilities
- Prepare and file monthly, quarterly, and annual tax returns and statements within prescribed deadlines.
- Ensure compliance with applicable income tax, sales tax, withholding tax, and other relevant tax laws and regulations.
- Review tax calculations, deductions, and payments thoroughly before submission to avoid errors.
- Accurately prepare and file withholding tax statements and other statutory declarations.
- Maintain a detailed tax compliance calendar to track and meet all filing deadlines.
- Review withholding tax deductions on vendor payments, salaries, rent, services, contracts, and other transactions.
- Apply correct withholding tax rates, exemptions, and reduced-rate certificates where applicable.
- Verify tax deductions and deposits in accordance with the provisions of the Income Tax Ordinance, 2001.
- Reconcile withholding tax deductions with vendor ledgers, general ledger accounts, and tax statements.
- Coordinate with vendors and internal departments to resolve discrepancies related to tax certificates and withholding.
- Reconcile tax ledgers, tax payments, withholding tax balances, and statutory records with the general ledger.
- Review tax treatment of vendor invoices, employee payments, rent, contracts, and other expenses to ensure compliance.
- Establish and maintain tax Standard Operating Procedures (SOPs), review mechanisms, and documentation standards.
- Ensure proper maintenance of tax records, certificates, returns, challans, and supporting schedules.
- Conduct periodic tax health checks and recommend corrective actions to improve compliance and accuracy.
Required Qualifications
- Master’s degree or relevant qualification in accounting, finance, or taxation.
- 3 to 5 years of experience in tax compliance, preferably within a corporate environment.
- Strong knowledge of income tax laws, withholding tax regulations, and related statutory requirements.
- Proficiency in tax reconciliation and preparation of tax returns.
- Excellent attention to detail and organizational skills.
- Ability to work collaboratively with vendors and internal teams to resolve tax-related issues.
Additional Information
This is a full-time, in-person position offering a monthly salary of Rs 200,000. The role requires a proactive approach to managing tax compliance and maintaining accurate records to support the organization’s financial integrity. Candidates with strong analytical skills and a commitment to upholding regulatory standards will find this opportunity rewarding.