Executive - Tax - CF Industry Group
CEYLON COLD STORES PLC
Executive – Tax
Fixed Term contract
Ceylon Cold Stores PLC (CCS), manufacturer of Elephant House Soft Drinks and Ice Creams is a leading consumer food company in Sri Lanka. CCS is a subsidiary of John Keells Holdings, PLC.
The company is seeking a suitable candidate to fill the position of Executive – Tax – CF Industry Group. The position exists to review and monitor Consumer Foods sector's (CCS, CICL, KFP,JKR) tax compliance requirements, provide input on structuring business transactions and operations in a tax efficient manner, keep abreast with changes in tax legislation, support Head of Tax / Manager in developing proposals for dispute areas with the regulatory authorities/IRD, support consultants/counsel on defensive or proactive litigation.
Job Responsibilities
- Provide ongoing tax guidance to ensure compliance with tax regulations and achieving optimal tax efficiency. Conduct periodic tax reviews and audits to verify compliance and identify optimization opportunities and deviations from tax regulations.
- Oversee the preparation and review of tax computations and returns on a monthly, quarterly, and annual basis. Ensure the timely and accurate submission of all tax returns, adhering to statutory deadlines.
- Stay up to date on changes in the tax law, regulatory landscape and update the team on such changes. Identify tax-saving opportunities, concessions, and mechanisms while ensuring full compliance.
- Build and maintain positive relationships with local tax authorities/external auditors/stakeholders to ensure smooth communication and compliance. Handle tax-related inquiries and ensure effective resolution of tax matters.
- Collaborate the preparation and finalization of transfer pricing documentation for the Consumer Foods groups. Collaborate with sector heads, marketing, and finance teams to ensure compliance with transfer pricing regulations.
- Assess and recommend improvements to current tax processes across BUs to enhance tax efficiency. Collaborate with finance teams to streamline tax-related operations.
- Work with finance teams to ensure accurate financial reporting and tax provisions. Assist in the integration of tax considerations into annual plans, projects and financial statements.
- Provide tax training to BU staff to ensure compliance with tax laws, accounting standards, and best practices. Promote awareness of new tax legislation and its impact on business operations.
Person Specifications
- A degree in Accountancy; or Part qualification in Taxation or Accountancy (CIMA/ACCA/ICSL) conducted by a professional body.
- 2 years of accounting experience of which 1 year should be Tax related.
- FMCG business, Manufacturing and Quick Service Restaurant Operations.
- Fair knowledge of tax laws and regulations including income tax, PAYE/APIT, WHT/AIT, VAT, SSCL, ED and other indirect taxes.
- Understand the IRD structure and attend to Inland Revenue Department's matters in respect of all aspects of compliance.
- Fair knowledge of SAP general understanding of Accounting Standards, and sound accounting knowledge.
- Experience in tax-related practices and procedures.
- Strong analytical abilities with keen attention to detail.
- Proven leadership and team management skills
- Excellent communication and negotiation skills.
Ready to join our team? Click on the advert to apply through our Careers Site and submit your CV, including the names and contact details of two non-related referees.