Key Objectives
- Responsible to ensure compliance with Inland Revenue regulations and other tax related regulations including but not limited to tax filings until the true up of final tax.
- Maintain monthly tax movements (current and deferred tax).
Principal Accountabilities
- To compile information and prepare tax computations for yearly submission of the Petroleum and Corporate Income Tax returns for all entities.
- To Prepare tax true up analysis after submission of the tax returns.
- To prepare 6th months and 9th months revision to Petroleum and Corporate Income Tax Instalment Plan.
- To ensure monthly tax installments are paid in a timely manner.
- To prepare monthly current and deferred tax accrual for Petroleum tax provision and perform monthly reconciliation.
- To prepare return for Indirect Tax applicable to the business-like Sales and Service Tax and Sarawak Sales Tax.
- To liaise with Tax Authorities on various tax audits and to finalize the audits within stipulated timeframe.
- To carry out tax research and develop understanding of tax implication from the various tax rulings.
- To assist in all other tax and accounting related matters as and when required by the Finance Manager or by the Home Office.
Working Relationship
Internal
- The Dept./Line Managers on tax related matters
External
Work with:
- Statutory Bodies
- Tax Agent
Qualifications and Experience
Mandatory
- Recognized Degree in Accounting or professional qualification in accounting.
- Knowledge of preparation of tax computation for the oil and gas industry.
- Be familiar with both Petroleum and Corporate Income Tax Acts.
- Be able to work with minimum supervision and to meet deadlines with accurate information.
- Minimum 5 years relevant working experience.
- Proficient in oral and written communication in English.
- Have a working knowledge of Microsoft Office (Word, Excel, PowerPoint). Knowledge in SAP accounting systems is an added advantage.
- Oil and gas industry experience is preferred.