Job Description for Emerging Tax Division: Crafting the Future of Taxation.The Role of an Emerging Tax Division:The Emerging Tax Division is an indispensable part of any forward-thinking organization. Its primary responsibility is to ensure compliance with tax laws while optimizing the company's tax position. This division plays a proactive role in strategizing, planning, and implementing various tax-related initiatives.Tax Planning and ComplianceOne of the key tasks of the division is devising tax strategies that align with the company's short-term and long-term goals. Simultaneously, it must adhere to the ever-evolving tax regulations, filing tax returns accurately, and meeting all compliance requirements.Researching and Implementing Tax StrategiesStaying up-to-date with tax laws and identifying potential areas for tax savings are crucial responsibilities of the division. Implementing effective tax strategies can lead to significant cost savings and improved financial outcomes.Collaborating with Various DepartmentsThe tax division collaborates with multiple departments such as finance, legal, and operations to ensure seamless integration of tax planning with overall business strategies.Staying Abreast of Tax Law ChangesThe dynamic nature of tax laws requires constant monitoring. The division must keep itself informed about any changes or amendments to tax regulations that might impact the organization.Key Responsibilities:Balancing Tax Optimization and Ethical PracticesThe division must strike a delicate balance between optimizing tax outcomes and adhering to ethical business practices.Technology and Data LiteracyProficiency in tax software, data analytics, and digital tools streamlines tax operations and enhances efficiency.

For better use of information and communication technologies (ICTs) to provide e-services to taxpayers, to challenge persistent bottlenecks in the payment and filing of taxes through active stakeholders and to bring about a seamless automation of Tax operations and for issuance of electronic Tax clearance certificate.

Accountable for the collection of tax-related information, reporting to taxation authority at the federal level in the county, in a timely manner, and advising management on the tax impact of various corporate strategies.Devise tax strategies to defer or eliminate tax paymentsCreate tax data collection systemsComplete required tax reporting in a timely mannerPrepare and update tax provision schedulesUpdate the company sales tax database as tax rates changeCoordinate audits by various taxation authoritiesResearch and correct process errors that caused incorrect tax filingsNegotiate on behalf of the tax authority over tax payment issuesResearch the basis for tax positions to be takenIdentify tax savings in prospective acquisition scenariosManual review of taxpayer tax returns and confirmation of payments by receipt number. Also representing transactions on the k-card.Customer relations as information on any outstanding liability raised for collection.

Operating SIGTAS (Standard Integrated Government Tax Administration System) Platform to discharge Tax transactions between Taxpayer and Tax officer.All access to Upload Taxpayer files, Maintain Tax Accounts, Document/ Filing and Creation of Assessment Notice as test run with aim of 100 top taxpayer information among Tax offices in the federation.Educate/sensitize taxpayers on E-filing making it faster and easier for taxpayers to make declaration of financial year of assessment online.ITAS Train the trainer program gave me a platform to conduct training for colleagues in the same service as we strive to take Tax transactions to a better and more transparent standard.