Job Summary
| Position Title | Finance Analyst VAT |
|---|---|
| Job Location | Dubai |
| Base Salary | AED |
| Job Schedule | Full Time |
Job Position
- UAE Value Added Tax and Economic Substance Regulation Compliance VAT and Economic Substance Regulation Compliance
Job Responsibilities
- Review of VAT return every quarter/month with the regulatory authorities
- finalisation and filing of VAT returns
- Track and monitor the correctness of VAT liability being captured in the system for all AP and AR invoices
- Filing Voluntary Disclosures and Re-consideration requests with FTA and Objections before TDRC
- Managing VAT compliance and obtaining VAT registration
- Communication of VAT positions from AR and AP perspective with the Business team
- Keep apprised of the VAT Public clarifications from FTA and execute changes in system/Filed returns
- Obtaining VAT clarifications with FTA
- Address to the VAT queries of Business and Finance departments
- ERP / System Development – Providing feedback to the IT team for VAT related system developments
- Coordinating with Lawyers on filing of statement of claim with the Court
- Coordination with Group Finance on VAT related work/issues
- Coordinating with VAT consultants for seeking Tax opinions
- Coordinating with Internal and External Auditors for concluding Tax Audits
- Managing Economic Substance Regulation Compliance
- Coordinating with Internal concerned parties and Consultants for submitting the ESR reports within the set timeframe
- Perform/controls accounting and tax due diligence exercise with respect to potential mergers and acquisitions and /or proposed restructuring scenarios
- Knowledge about other Financial & Accounting Control tasks
- Review monthly accounts upon closure as per agreed timelines; ensure that all month end cost accrual, expense amortisation and revenue recognition journal entries are passed timely and accurately
- Review of periodic and year end GL schedules for balance sheet items and reviews movement in P&L accounts
- Responsible for producing accurate and timely financial information as required by the management, Group, banks/financial institutions and governing bodies
- Responsible for finalization of annual accounts, as per local standards (where applicable) and international standards like IFRS in line with external reporting timelines
- Supervises the day to day functioning of the account payable section to ensure timely and accurate booking and payment to vendors
- Checks all invoice payment before sending them to authorized signatory to ensure no double payment
- Ensure for a timely & accurate preparation of bank reconciliation for all banks & make sure that all pending items are cleared on a timely basis
- Reviews all the reconciliations and schedules and identifies corrective actions
- Identify system requirements for all concerned areas of the respective BU for system development
- Participates in projects that require input and advice from Finance
- Perform User Acceptance Testing for the system developed
- Prepares and ensures that all regulatory submissions are submitted on a timely basis
- Assist the Manager Financial Accounting & Control with ad hoc projects and special assignments
- Provide backup support for team members during their leaves
- Other projects like review of agreements, DOA, policies and procedures etc
- as and when arises
Job Requirements
- Educational Qualification: A university graduate inFinance/AccountingExperience: 2 to 4 yearsSystem Skills: ERP system exposure, MS OfficeInter Personal SkillsCommunication SkillsPresentation Skills
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