Title: Manager – VAT, Customs & Regulatory Compliance
Company Name: Rhythm Group
Vacancy: 01
Age: 30 to 45 years
Job Location: Dhaka (Uttara)
Salary: Negotiable
Experience:
Bachelor's and/or Master's Degree in Accounting, Finance, Economics, or a related discipline from a recognised university.
Professional Qualifications: Preference will be given to candidates having: CA (Part Qualified, Course Completed, or Certificate Level Completed)
NBR Enlisted VAT Consultant. Relevant professional training or certifications in VAT, Customs, Taxation, Regulatory Compliance, or Indirect Taxation.
The Manager – VAT, Customs & Regulatory Compliance will be responsible for overseeing VAT, Customs, and related regulatory compliance matters of the organization. The role involves ensuring compliance with applicable VAT and Customs laws and regulations, managing rebate and refund processes, handling audits, assessments, and regulatory proceedings, and supporting business operations through effective compliance management and stakeholder coordination.
Key Responsibilities:
VAT Compliance & Management
Ensure timely preparation, review, and submission of VAT Returns (Mushak-9.1) and related schedules and returns in compliance with applicable laws and regulations.
Maintain VAT records, registers, Mushak forms, and supporting documentation as prescribed under VAT laws.
Monitor and ensure compliance with VAT Deduction at Source (VDS) requirements as per law.
Review the VAT implications of business transactions, ensure appropriate VAT treatment and reporting, and oversee the timely deposit of VAT to the Government Treasury.
Coordinate with relevant departments to ensure VAT compliance across procurement, production, commercial, and sales operations.
VAT Rebate & Refund Management
Manage VAT rebate (input tax credit) processes and ensure proper documentation and compliance.
Prepare and process VAT refund applications and coordinate with the relevant VAT authorities for settlement.
Review transactions and operational processes to maximize legitimate VAT benefits and minimize unrecoverable VAT costs.
Customs & Import Tax Compliance
Manage matters relating to Customs Duty (CD), Supplementary Duty (SD), Regulatory Duty (RD), Advance Tax (AT), Advance Income Tax (AIT), and other import-related taxes and levies.
Review import documentation, customs declarations, tariff classifications, HS codes and duty assessments.
Coordinate with Commercial, Supply Chain, Procurement, and C&F teams to ensure efficient customs compliance and clearance processes.
Monitor customs-related regulatory developments and assess their impact on business operations.
Regulatory Compliance & Liaison
Handle VAT and Customs audits, inspections, assessments, and compliance reviews.
Prepare responses to notices, observations, and queries issued by NBR, VAT Commissionerate’s, Customs Authorities, and other regulatory bodies.
Represent the organization in meetings, hearings, assessments, and compliance proceedings before the relevant authorities.
Maintain effective communication with regulatory authorities and support timely resolution of compliance matters.
Reporting, Controls & Process Improvement
Reconcile VAT, customs duties, rebates, refunds, and related tax balances with accounting records and financial statements.
Identify compliance risks and recommend corrective actions.
Develop and strengthen internal controls relating to VAT and Customs compliance.
Prepare periodic compliance and management reports.
Conduct internal awareness and training sessions on VAT and Customs matters where required.
Support management in decision-making by providing timely VAT, Customs, and regulatory compliance insights and reports.