We require a VAT Recovery Consultant specializing in VAT Recovery
Requirements:
- Facilitate a VAT review, which includes a review of the current status of the treatment of VAT by the Municipality’s accounting system to ensure appropriate application of the relevant provisions of the VAT Act to ensure optimal claiming of the input tax and appropriate declaration of the output tax timeously.
- Detail examination into the general ledger where VAT was potential not claimed.
- Calculate the apportionment percentage based for the current and previous five (5) years.
- Apply the recalculated apportionment percentage to the mixed supply expenses and the amount of under or over payment of input tax, if any.
- Review the VAT treatment of equitable shares and all other grants, conditional and unconditional, to ensure that the treatment is correct from a VAT, as well as a grant condition point of view.
- A comprehensive written report must be submitted on the findings of the review/recovery identifying risk areas, internal control weaknesses and recommendations for improvement;
- Working papers of all relevant calculations.
- Experience in conducting a thorough and meticulous VAT review of the general ledger control accounts in relation to VAT transactions to ensure that the client has correctly accounted for VAT on all the expenditure and revenue.
- The methodology and procedures applied during the verification process ensure that the savings and exposures identified are 100% verifiable to any 3rd party, i.e. SARS or the Auditor General.
Contract Basis
Minimum 3 years’ experience and proven track record
Email your CV and all relevant certificates to : [email protected]
Job Type: Part-time
Experience:
- specializing in VAT recovery: 3 years (Preferred)
