Executive / Senior Executive - VAT & Tax

Job Description

Title: Executive / Senior Executive - VAT & Tax

Company Name: Biswas Builders Limited

Vacancy: --

Age: 25 to 35 years

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• 3 to 5 years
• The applicants should have experience in the following business area(s): Consulting Firms, Audit Firms /Tax Consultant, Real Estate, Developer

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

Preferred Partly qualified in CA/CMA/ACCA, or a Diploma/Certification in VAT and Tax Management from a recognized body (e.g., ICAB, ICMAB, NBR Certified VAT Consultant).

• 3 to 5 years
• The applicants should have experience in the following business area(s): Consulting Firms, Audit Firms /Tax Consultant, Real Estate, Developer

• Age 25 to 35 years
• Only Male

Skills & Attributes

• Technical Knowledge: Strong and up-to-date knowledge of the VAT Act 2012, Income Tax Ordinance, 1984, and their respective rules and regulations in Bangladesh.

• Compliance Software: Proficiency in e-TDS software, VAT Online System, and accounting software (e.g., Tally, SAP, or local ERP).

• Analytical Skills: Strong analytical and problem-solving skills with meticulous attention to detail.

• Communication: Excellent verbal and written communication skills in both English and Bengali for effective liaison with regulatory bodies and internal stakeholders.

• Personal Attributes: Smart, dynamic, self-motivated, and capable of working under pressure to meet strict statutory deadlines.

A. VAT Compliance & Operations

1. Return Preparation & Filing:

   • Ensure accurate and timely preparation and submission of monthly VAT returns (Mushak-9.1) and annual VAT returns (if applicable) through the online system as per the VAT Act 2012 and Rules.

   • Prepare and maintain the monthly Input-Output Coefficient (Mushak-4.3) or Price Declaration and submit to the relevant VAT office.

2. Documentation & Record Keeping:

   • Ensure correct issuance and maintenance of VAT Invoice (Mushak-6.3) for sales/supplies.

   • Maintain all statutory VAT registers and records (e.g., Mushak-6.1, 6.2, 6.7, 6.8) and related books as required by the law.

3. VAT Deduction at Source (VDS):

   • Monitor, calculate, and ensure the correct deduction and deposit of VDS from all applicable vendor/supplier payments as per the law.

   • Ensure timely issuance of VDS Certificates (Mushak-6.6) to suppliers.

4. VAT Audit & Assessment:

   • Prepare for and handle VAT audits, assessments, and hearings at the VAT Circle, Divisional, and Commissionerate levels.

   • Liaise and correspond effectively with VAT authorities (NBR) to resolve queries, notices, and appeals.

B. Income Tax Compliance & Operations

1. Withholding Tax (TDS/AIT):

   • Monitor, calculate, and ensure the correct deduction and timely deposit of Tax Deducted at Source (TDS) / Advance Income Tax (AIT) from all applicable payments (e.g., salary, contractor bills, rent, professional fees).

   • Prepare and submit all relevant monthly and annual TDS/AIT returns/statements to the tax authority.

   • Ensure timely issuance of AIT/TDS certificates to all concerned parties.

2. Corporate Tax:

   • Assist in the calculation of taxable income and preparation of the annual Corporate Income Tax Return (IT-11GA) for the company.

   • Manage and coordinate all matters related to corporate tax assessments and appeals.

3. Employee Tax:

   • Assist in calculating employees' monthly/annual tax liabilities and ensure proper deduction as per the Income Tax Ordinance.

   • Prepare and provide the annual salary tax statement to employees.