Tax Accountant

Job Title: Tax Accountant
JPC: 3542
Location: Abu Dhabi
Position Type: Contract

Key Accountabilities

Policies, Systems, Processes & Procedures

• Adhere to established departmental processes, policies, and standard operating procedures to ensure consistent and controlled work practices.
• Uphold the organization's values and ethics to foster a culture of integrity and accountability.
• Lead the identification of opportunities to enhance accounting systems and increase operational efficiency.
• Contribute to the implementation and testing of internal controls to ensure process continuity and effectiveness.
• Provide necessary amendment/changes to the ERP system to implement tax related codes and files.

Tax Compliance And Reporting

• Prepare and file accurate tax returns in compliance with applicable laws and regulations.
• Provide strategic tax planning advice to minimize tax liabilities and maximize financial benefits.
• Stay updated on changes in tax laws and regulations to ensure compliance and minimize risks.
• Assist in audits and inquiries from tax authorities by providing necessary documentation and explanations.
• Prepare update on local/master file for the companies registered with corporate tax.

Financial Analysis And Reporting

• Analyze financial data to identify tax-saving opportunities and implement effective tax strategies.
• Prepare financial statements and reports in accordance with accounting principles and organizational guidelines.
• Collaborate with internal stakeholders to identify tax implications of business decisions and provide recommendations.
• Maintain accurate records of tax-related transactions and documentation for audit purposes.

Continuous Improvement

• Identify opportunities for process improvements and automation to enhance efficiency and accuracy in tax-related activities.
• Collaborate with cross-functional teams to implement best practices and drive continuous improvement initiatives.

Stakeholder Engagement

• Build and maintain relationships with internal and external stakeholders, including tax authorities and auditors.
• Communicate effectively with stakeholders to address inquiries and provide support on tax-related matters.
• Collaborate with finance and legal teams to ensure alignment on tax strategies and compliance requirements.

Risk Management And Compliance

• Assess and mitigate tax-related risks to ensure compliance with regulations and organizational policies.
• Monitor changes in tax laws and regulations and implement necessary updates to internal processes and procedures.
• Provide support and guidance to internal teams on tax-related issues and compliance requirements.
• Develop tax filing and reporting procedure and process document and provide necessary knowledge to other staff to ensure compliance.

Educational And Professional Qualifications

• Bachelor’s degree in accounting, Finance, Business Administration, or a related field.
• Certifications in the Association of Chartered Certified Accountants (ACCA) or equivalent are an advantage.

Overall Experience

• Minimum of 4 years of experience in tax accounting or related field, with a strong understanding of tax laws and regulations.
• Comprehensive knowledge and training of UAE Federal Tax Authority, Rules, Regulations and amendments.