Manager – Zakat and Tax

• To understand and comprehend Zakat, Tax, WHT, TP and VAT regulation and guidelines.
• To prepare a summary of any updates on regulation and guidelines
• Understanding regulations and rules related to objections against GAZT assessments including, deadlines, formalities, communications, submissions, and the GSTC working mechanism.
• To prepare and review all GAZT filings considering the guidelines and regulations on a timely manner.
• To prepare and review all responses to GAZT queries for audits, assessments including inspections requirements.
• To coordinate with zakat/tax advisors to prepare full analysis of GAZT assessment and completion of appeals documentation in a timely manner.
• To prepare and review Zakat, and Tax provisions and Deferred tax calculation and disclosures in Financial Statement.
• To prepare tax equalization for foreign shareholders tax position.
• To ensure proper zakat and tax provisions are maintained all over the year.
• Assist in preparing AOP and Forecast numbers of Zakat and Tax charges on ongoing basis
• Provide advice to management on all Zakat and Tax and related inquiries.
• Collect sales/ purchasing contracts information and to ensure complete filing of that to GAZT through ERAD.
• Advanced Arabic language skills and proven ability to response to official communications with structured and organized manner.
• Establish communication with the company’s relationship manager at GAZT and align with him/ her in respect to all zakat and tax related matters.
• Maintaining full historical records of filings, proof of payments, reconciliations related to zakat and tax matters, and correspondences with GAZT, GSTC, and ADRC.
• Assist tax advisor in preparing annual zakat and income tax declarations by filling our required schedules and preparing requested breakdowns in a timely manner.
• Ensure timely filing and settlement of annual zakat and tax liability.
• Ensuring timely payment of advance income tax payments.
• Prepare working and file retention release letters and to keep records of that.
• Prepare monthly withholding tax returns in light of the regulations, GAZT interpretations, and best business practices.
• Ensure timely filing of monthly returns and settlement of liability.
• Review agreements with vendors and partners to advise on applicable withholding tax rates.
• Understanding the double taxation treaties and their applicability on our dealings with vendors and partners.
• Prepare requested breakdowns and reconciliations by GAZT related to withholding tax matters.
• Prepare and review monthly value added tax returns considering the regulations, GAZT interpretations, and best business practices.
• Ensure timely filing of monthly returns and settlement of liability.
• Review agreements with vendors and partners to advise on applicable withholding tax rates.
• Prepare analysis of updates in VAT regulations and the impact of that on the company operations and compliance.
• Prepare requested breakdowns and reconciliations by GAZT related to VAT matters.
• Respond to clients’ queries related to VAT.
• Reviewing frequently the company practice and advise on ways to improve VAT regulatory compliance.

• Publicly listed company
• Saudi Insurance experience is a plus
• IFRS / SOCPA knowledge
• Zakat, Tax, VAT, WHT and Transfer pricing knowledge
• Competent in both Arabic and English languages written and spoken

Accounting