With over 100 years of rich history and strongly positioned as a local bank with regional and international expertise, a career with our family offers the opportunity to be part of this exciting growth journey, to reset our future and shape our destiny as a proudly African group.
Job Summary
To provide advice and support in tax practice formulation and associated best practice improvement tactics; enabling the provision of specialist expertise.Job Description
Financial and management reporting: Review and prepare relevant financial and management reports relating to Indirect Tax
Indirect Tax returns: Review of the ABSA Bank Limited VAT Return (monthly) from the consolidated divisional tax packs and additional information obtained from the business units, and submitting it electronically. Review and sign-off of VAT returns and other Indirect Tax Returns for Absa Group Ltd & its subsidiaries (monthly) in relation to supporting documents and schedules. Submission to SARS if and when necessary.
Assisting with Absa Bank as well as other group entity annual apportionment calculations, preparation, review and submission.
Review of banking systems and transactions to assess potential VAT Savings as well as VAT Risks relating to these systems and transactions.
Review indirect tax assessments by checking same against the relevant return submitted and object and/or appeal if and when necessary. Correspond (general) with Revenue authorities if and when required.
Tax advice and support (BU's & subsidiaries): Give advice to Absa Bank business units & subsidiary companies on Indirect tax treatment of income and expenditure, proposed structures, new products and specific transactions.
Give advice to Absa Bank business units & subsidiary companies on completion of Indirect Tax packs and/or returns.
Manage tax risk by liaising with business units and/or subsidiaries and attending meetings with management and external auditors.
Obtain opinions and advice from external specialists to minimize the risk and identify the tax risk areas relevant to the business.
Give ad hoc advice and opinions to Absa Bank Business Units & subsidiary companies on new indirect tax amendments and the effect thereof on the business.
Disseminate and implement new Indirect Tax compliance requirements.
Networking: Establish and maintain a good relationship with Absa Group Finance in providing accurate numbers for reporting purposes on a regular basis. Establish and maintain a good relationship with all the Absa Group subsidiaries by providing tax support (i.e. providing tax knowledge, tax advice, etc). Establish and maintain a good relationship with Absa Bank business units by providing tax support (i.e. providing tax knowledge, advice, etc). 3. Establish and maintain a good relationship with the external auditors by providing workings, supporting evidence, documentation, and explanations.
Establish and maintain a good relationship with the South African Revenue Services by complying to South African Tax Law at all times.
Provide tax training to Absa delegates if and when necessary.
Represent Absa on BASA Indirect Tax Committee and other Industry based Forums to promote Absa specific items.
Minimum Requirements:
B.Com (Hons) plus relevant Tax Qualification i.e. M.Com Tax, Advanced VAT Diploma or Higher Diploma Tax
8 -10 years relevant experience minimum in corporate or audit firm
Preferably Financial Services related experience
Education
Postgraduate Degrees and Professional Qualifications: Financial Sciences (Required)Absa Bank Limited is an equal opportunity, affirmative action employer. In compliance with the Employment Equity Act 55 of 1998, preference will be given to suitable candidates from designated groups whose appointments will contribute towards achievement of equitable demographic representation of our workforce profile and add to the diversity of the Bank.
Absa Bank Limited reserves the right not to make an appointment to the post as advertised