Assistant Coordinator- VAT & Tax

Job Description

Title: Assistant Coordinator- VAT & Tax

Company Name: SKS Foundation

Vacancy: 1

Age: Na

Job Location: Gaibandha

Salary: Tk. 50000 - 70000 (Monthly)

Experience:

• At least 5 years
• The applicants should have experience in the following business area(s): College,NGO,Hospital,Resort,School

• Master of Business Administration (MBA) in Accounting
• Master of Business Administration (MBA) in Finance

• Masters/MBA( Accounting /Finance) with ITP & CA Intermediate/ Knowledge level or Professional (level-1)

• At least 5 years
• The applicants should have experience in the following business area(s): College,NGO,Hospital,Resort,School

• The Incumbent should have experience in Micro finance or any financial institutions.

• Ensuring the company is properly registered for VAT

• Orient staff regarding VAT regulations/deduction at source and deposit procedures

• Ensure that VAT deductions are calculated properly and deducted at source at the beginning of the FY

• Support to Institutions/vendors to obtain BIN numbers generated from the software.

• Assist to supervisor regarding Income Tax and VAT Return filing of SKS Foundation and head of institutions.

Job Context

Since 1987, SKS Foundation works with the communities in the North-west Bangladesh for improving socio-economic status, promoting gender equality through creating enabling environment. SKS implements community driven development programs; maintains close collaboration with local government & administration, line departments, civil societies, NGOs, development partners & other stakeholders to bring positive changes in the society.

Assistant Coordinator-VAT & Tax is overall responsible for ensuring VAT and Income Tax Return submission of Organization and its institutions. The incumbent is expert to prepare a company audit accounts for income TAX. Ensure compliance with VAT & Supplementary Duty Act 2012. Being able to handle all types of VAT-related hearing individually. The job responsibilities include registration, return submission, tax payment, and managing all VAT-related activities, including audits. Communicating with tax authorities and ensuring accurate tax deductions and filings. Coordinating with potential vendors, Finance & Procurement department and assist to Supervisor for submitting return on time. He is act as a focal person of ensuring VAT and TAX deposit of SKS Foundation.

Responsibilities :

• Collect information regarding organization’s VAT from respective department/Sector

• Collect the monthly financial report from finance department and review the VAT deduction status for this month and calculate the amount of VAT to be deposited or excess deposition against particular head of expenditures.

• Collect VAT challans (VAT deposit evidence) from Finance department, institutions and Branch/Divisional offices and VAT challans are posted online by 15th of the following month.

• Preparing and submitting VAT returns accurately and on time and ensuring timely payment of VAT dues

• The original invoices are given to the VAT office and a copy (photocopy) of the invoice is signed from the VAT office (Acknowledgement) and provide to respective institutions/Vendors.

• Ensure effective/efficient communication with tax authorities, external advisors, and clients regarding VAT matters. Monitor the follow-up of invoices to clients and collecting debts

• Overseeing all aspects of the company`s VAT compliance, including maintaining accurate records and understanding relevant regulations

• Communicating with tax authorities and ensuring accurate tax deductions and filings. 

• Maintain an excellent understanding of accounting, tax, Tax requirements and legal documents.

• Coordinate and manage tax audits with tax authorities.

• Preparing for and managing VAT audits

• Maintain appropriate documentation for tax returns and audit purposes

• Ensuring accurate deduction of TDS (Tax Deducted at Source) and filing related tax returns. 

• Prepare tax computation, ensure withholding tax (WHT) deductions are correct, and file relevant returns.

• Ensure monthly, quarterly, and annual tax compliance (income tax, WHT, advance tax, etc.).

• Oversee timely filing of tax returns in accordance with Bangladesh tax laws.

• Ensure proper VDS and collect the 6.3

• Ensure the issue 6.6 and Ensure timely submission of VAT returns 9.1.

• Monitor accurate calculation of VAT on goods and services and compliance with VAT regulations in Bangladesh.

• Keep proper records of VAT-able transactions and manage the VAT deduction process

• Maintaining accurate records of VAT transactions and invoices

• Keep record VAT Return submission status of SKS Foundation and institutions.

• File the acknowledgement of the Challan/invoice (Signed from the VAT office) submitted to VAT Office

• Any others task assign by management.

• After successful (Six Months) probation period the incumbent will be entitled to Provident Fund, SWF, Gratuity, Festival Bonus & other admissible benefits.