Job Summary
- Coordinate and manage all tax and transfer pricing matters relating to entities within the DCP Nigeria.
- Identify, develop, and implement tax processes and solutions that align with the overall business goals and objectives of the DCP Nigeria.
- Responsible for effective planning, management, control, and optimization of DCP Nigeria's tax position.
- Manage the implementation of DCP Nigeria's tax planning and management strategy to ensure compliance with applicable tax, financial and government regulations.
- Work closely with other departments within the organization, such as finance, legal, and operations, to ensure that tax considerations are incorporated into business decisions and processes.
- Oversee collection of tax-related information, timely reporting, and compliance obligations, including preparing and submitting routine tax performance reports for DCP Nigeria , preparing and filing tax returns, maintaining tax records, and responding to tax inquiries and audits.
Key Duties and Responsibilities
Strategic Tax Coordination for DCP Nigeria
- Understand DCP’s organizational objectives and corporate strategy and support subsidiaries to minimize the tax implications of business priorities.
- Carry out a check of pending tax matters on ground as at the commencement of job responsibilities.
- Leverage on the support of Global DIL Group Tax Function to develop tax policies, processes, and reporting framework for DCP Nigeria.
- Ensure DCP’s activities comply with local and/ or global financial regulatory requirements.
- Leverage on tax technology tools to coordinate tax compliance processes across all the regional subsidiaries.
- Coordinate, manage and maintain relationships with DCP Nigeria internal and external stakeholders, including local and international tax authorities, tax consultants and advisers, etc.
- Coordinate the preparation of monthly and quarterly tax performance reports and ensure submission within the set timelines to the DCP CFO and or DIL Group Tax, as required.
- Perform any duties related to tax matters as may be assigned by the CFO
Tax Compliance & Audit Management
- Obtain comfort on the accuracy of tax returns to be filed with the relevant tax authorities and work with Tax Consultant’s to manage the DCP Nigeria's tax obligations.
· Review and approve relevant tax computations in strict compliance with applicable tax laws and regulation and ensure four-eye review by DIL Tax Function.
· Oversee filing of tax and fiscal requirements within defined statutory deadlines.
· Monitor tax reporting, planning and intra/inter group transfer pricing to ensure compliance with tax statutes applicable to DCP in Nigeria.
- Ensure proper management of regulatory tax audits across Nigeria.
- Ensure complete and accurate documentation of relevant supports and proof of tax remittance.
- Participate in relevant discussions that brings optimal tax position on queries or audits, with tax authorities.
- Ensure proper pricing modalities and documentation for all intercompany operations for transfer pricing compliance reviews.
Tax reporting & Forecasting
- Ensure accuracy of tax reporting in financial statements – audit reviews, budgets & reports
- DCP’s tax remittances and provisioning to ensure accuracy and appropriateness.
- Develop and present Tax and Transfer pricing performance reports to management and recommend improvements and compliance, where required.
- Enable accurate and timely forecasting of the group effective tax rate and acceleration of tax reporting.
Tax Planning & Advisory
- Advise management regarding the tax impact of corporate strategies and impact of new laws on tax liabilities
- Implement approved tax planning strategies to manage effective tax rates and deliver tax savings.
- Respond to ad-hoc inquiries/ queries on tax related issues.
- Continually identify, assess, and advise DCP’s Executive Management on tax saving opportunities.
- Provide tax efficient solutions to DCP’s projects and stakeholder activities.
Stay up-to-date on tax related trends (e.g. changes in relevant tax laws), analyze their impact and provide recommendations to Executive Management on necessary steps.
Requirements
Qualification and Experience
- A Postgraduate degree in Finance, Accounting and/or Taxation
- Membership of Tax Institute in Nigeria, West Africa is a primary requirement.
- Membership of at least one other professional body is an additional requirement: Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified Chartered Accountants (ACCA), etc.
- Minimum of 15 years tax management experience required, with a minimum of 10 years in the manufacturing sector.
