Officer / Senior Officer - VAT

Job Description

Title: Officer / Senior Officer - VAT

Company Name: Advanced Chemical Industries PLC (ACI)

Vacancy: --

Age: Na

Job Location: Chattogram (Mirsharai)

Salary: --

Experience: --

Published: 2026-02-24

Application Deadline: 2026-03-26

Education:

Requirements: --

Skills Required:

Additional Requirements:

Responsibilities & Context:

1. VAT Operations and Monitoring

• Ensure smooth daily maintenance of all VAT-related records including:

• Mushak 6.3: Tax Invoices for sales.

• Mushak 6.6: VDS (VAT Deducted at Source) Certificates.

• Mushak 9.1: Monthly VAT Returns.

• Mushak 6.1 & 6.2: Purchase and Sales Account Books.

• Track performance metrics such as Input-Output Coefficients to ensure tax efficiency and compliance with declared ratios.

2. Compliance & Reconciliation

• Plan and execute monthly reconciliation between VAT Registers and the General Ledger (Books of Accounts).

• Respond promptly to discrepancies in tax credits or treasury deposits to prevent legal "downtime."

• Maintain accurate "Challan" logs and ensure all treasury deposits are mapped to the correct economic codes.

3. Audit & Regulatory Safety

• Ensure all financial transactions comply with the current Finance Act and Government SROs.

• Conduct regular internal "health checks" (audits) of invoices and procurement files to resolve non-conformities before official inspections.

• Manage and represent the company during official VAT audits and field visits by NBR officials.

4. Documentation and Reporting

• Maintain meticulous VAT operation data, including archive files for input tax rebates (Rebates).

• Prepare Monthly VAT Returns and reports on tax liability, exemptions, and withholding tax (VDS).

• Track and initiate proactive approaches to keep the Tax-to-Sales Ratio and other KPIs within the expected range.

5. VDS and Resource Management

• Plan initiatives for tax optimization by ensuring timely "Input Tax Credit" claims.

• Strict monitoring of VDS (VAT Deducted at Source) from suppliers; ensuring the company does not bear the liability of vendor non-compliance.

• Monitor changes in tax rates (5%, 7.5%, 10%, 15%) across different service/product categories and update the system accordingly.

6. Stakeholder & Vendor Coordination

• Coordinate with external stakeholders (NBR officials, VAT Consultants) for smooth processing of appeals, refunds, or ADR (Alternative Dispute Resolution).

• Coordinate with the Procurement team to ensure vendors provide valid VAT 6.3 invoices, which are the "critical spares" for claiming tax rebates.