PURPOSE OF THE JOB
Lead a robust tax compliance function though the implementation of the Tax Framework to achieve excellence in reporting and enable the sustainability of tax through governance and transparency. Identify opportunities, develop and implement proactive tax planning initiatives and provide advice in order to enable the organisation to achieve its mission of growth in a tax efficient manner and positively contribute to the business.
Balanced Scorecard Pillars, Roles and Responsibilities:
SAFETY, HEALTH, ENVIRONMENT AND QUALITY
- Identify and assess level of issue-based risk exposures in area of responsibility by considering exposures to business, financial, legal issues, people, equipment, material, environment, processes, etc.
- Consider the level of risk, apply mitigation, and implement control measures for residual risk (set objectives, minimum requirements, etc.)
- Manage SHEQ compliance within the department through effective use of the Toolbox
- Utilise the Information Management System (IMS) to analyse, identify trends, initiate, mitigate, investigate and report SHEQ status
PEOPLE
- Manage personal development
- Present tax workshops to update all stakeholders on tax developments
CUSTOMERS
- Continuously review business operations to identify, understand and manage tax risks
- Ensure customer satisfaction
BUSINESS PROCESSES
Tax Accounting:
- Review monthly tax accounting submissions for all divisions and subsidiaries in Samancor Chrome
- Review of book and cash tax for budget preparations
- Prepare and finalise annual financial year hard close and year-end external audits
- Liaise with external auditors, provide information and attend queries timeously
- Prepare all tax disclosures made in the annual financial statements
- Prepare tax information to relevant stakeholders to facilitate financial and management reporting and planning
Tax Compliance & SARS Audits:
- Ensure compliance for all legal entities within the Samancor Chrome group:
- Income tax packs & ITR14 tax returns
- Royalty tax packs & MPR3 returns
- Provisional income & royalty tax returns & payments
- VAT & diesel compliance, returns & payments
- Carbon tax compliance, returns & payments
- PAYE compliance
- Global Minimum Tax compliance
- All withholding taxes returns & payment
- Review annual assessments for accuracy & prepare and file objections with SARS for incorrect assessments
- Attend to and prepare responses to SARS review and audit requests
- Regular engagement with SARS to finalise outstanding audits and obtain favourable outcomes aligned to good governance and our tax positions
- Attain annual tax compliance confirmations and attend to outstanding compliance irregularities with SARS
- Annual review and update of all tax pack reporting tools for the latest legislative and business / process changes
- Collaboration with C&F agents to steer compliance aligned to good governance and our tax strategy on customs duties
- Management of Samancor Chrome Group Portfolio on SARS e-filing
Tax Advice:
- Research and prepare tax position papers and internal memos on our interpretation and implementation of complex or new legislation or regulations on all taxes
- Prepare guidance and support internal stakeholders on routine compliance challenges
Tax Developments:
- Analyse existing and proposed tax legislation in order to determine the implications to our business and ensure contemporaneous tax positions
- Collaborate with financial accounting counterpart to monitor accounting changes in order to determine the tax implications
- Ensure all stakeholders are aware of the latest tax developments in order to minimize the tax exposure or maximize on possible tax opportunities
GROWTH
- Identify tax opportunities or incentives and collaborate with relevant stakeholders to execute projects to positively contribute to the business
- Implement continuous improvement projects to enhance operational excellence
Workplace Competencies:
Skills:
- Microsoft Office
- Samancor Chrome programs (EBMS, IMS, LMS, SAP, COUPA)
Knowledge:
- Interpret and apply the laws and procedures related to all company taxes levied
- Interpret and apply the laws and procedures related to value-added tax and pay as you earn
- Demonstrate an understanding of SARS e-filing platform
- Demonstrate an understanding of a mining and manufacturing business environment
- Demonstrate an understanding of the requirements of a SAP User
