Location: Basrah
Job Type:
Permanent
Closing Date:
2025-03-06
About vacancy
mselect is looking to hire a Tax Advisor for an international energy client in Basrah, Iraq. Candidates must have a minimum of 4-5 years of experience with a Big4 in tax advisory function and industry experience in managing tax rules for an entity will be preferable. Fluency in English and Arabic is a must.
Job Purpose
A Tax Advisor provides expert guidance to individuals and businesses on how to manage their taxes most efficiently, ensuring compliance with tax laws while minimizing liabilities. Their role involves analyzing financial records, advising on tax strategies, and ensuring clients are up to date with changes in tax legislation.
Key Responsibilities
CIT (Corporate Income Tax):
Requirements
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.
Job Purpose
A Tax Advisor provides expert guidance to individuals and businesses on how to manage their taxes most efficiently, ensuring compliance with tax laws while minimizing liabilities. Their role involves analyzing financial records, advising on tax strategies, and ensuring clients are up to date with changes in tax legislation.
Key Responsibilities
CIT (Corporate Income Tax):
- Reviewing the financial statements to ensure tax is correctly reflected and preparing the tax returns
- Coordination with auditors for tax part and ensure tax is correct on both IFRS and local Iraqi GAAP FS
- Filing of the financial statements and tax returns
- Discussing the tax assessment with the inspector
- Obtaining the final tax assessment
- Settling the tax and obtaining the receipt
- Preparing the monthly tax calculation
- Submitting the tax declaration forms to the GCT and obtaining the receipt monthly
- Preparing the annual tax calculation and reconciling it against the paid taxes during the year
- Printing the annual forms and submitting them to the GCT
- Discussing and obtaining the annual assessment
- Settling the tax and obtaining the receipt
- Assessing the application of WHT on supplier invoices Ensure it is correctly reflected on the invoice
- Reviewing the withheld tax deductions and preparing the WHT schedules and cover letters
- Preparing pledge letters and remittances
- Filing with the GCT and obtaining the receipts
- Assisting in registering the employees for social security
- Preparing the monthly calculation and preparing the forms as per the local regulation
- Submitting to the SS department and obtaining the receipt
- Assisting in case a site inspection is requested by the SS department
- Ensure tax is correctly booked in the MBC (ERP) system in the correct GL. Liaise with the controller for this purpose.
- Assess any entries to be booked for tax cost
Requirements
- Qualification: Finance/regulatory graduation/post-graduation degree
- Experience: 4-5 years of experience with a Big4 in tax advisory function and industry experience in managing tax rules for an entity will be preferable
*Only applicants meeting the strict criteria outlined above will be contacted as part of the shortlisting process.
