Analyst, Taxation

The position reports directly to the Tax Seniors and Managers where the main responsibilities include delivery and support in fulfilling Malaysia tax compliance reporting requirements to the tax authorities, Joint Venture (JV) partners and Group Finance. This role is also required to work closely with other teams within the finance department and other departments within the Company to support all reporting requirements.

Primary accountabilities:

1. Tax compliances – Petroleum Income Tax, Corporate Income Tax, Sabah State Sales Tax, Service Tax, stamp duty.
2. Tax accounting and reporting for the purposes of Financial Statements and submission to Group Finance.
3. Tax input for cash flow forecast purpose.
4. Withholding tax advisory.

KEY ACCOUNTABILITIES

1. Tax Compliance including Petroleum and Corporate Income Tax
   • Analyze General Ledger transactions by reference to source documents, compiling information from Business Unit (BU) users for preparation of petroleum and company income tax computations.
   • Work closely with colleagues from various departments to obtain accurate and reliable information for preparation of tax computations.
   • Preparation of computations and return forms for annual tax filings to Malaysian Inland Revenue Board (MIRB).
   • Preparation of tax estimates.
   • Prepare payment request forms and journals for tax instalment, Service tax, Sabah Sales Tax, as well as payments for invoices from external consultants.
   • Liaise with MIRB, Royal Malaysian Customs Department, on tax related matters.
   • Assist in applying for utilisation of tax credit to offset against tax payments and apply for tax refund.
   • Extract source documents from System or from BU as justification / supporting documents during audit.
   • Liaise with Production Sharing Contract (PSC) partners to request information for petroleum income tax computation purpose.
2. Tax Accounting and Tax Reporting
   • Prepare monthly tax provision for both current and deferred taxes and prepare journal of the tax entries for booking into accounting system.
   • Prepare quarterly tax reporting on current and deferred taxes and effective tax rate reconciliation for submission to Group Finance.
   • Prepare tax receivable, tax payable and deferred tax continuity.
   • Compare tax numbers between provision and actual tax returns, prepare True Up calculation for booking into accounting system.
3. Service Tax
   • Prepare service tax computation return form and payment request in respect of Service Tax for submission and payment to Royal Malaysian Customs Department.
4. Withholding Tax
   • Provide advice on withholding tax treatment to Accounts Payable team.
5. Sabah State Sales Tax (“SbST”)
   • Prepare journals of accrual of SbST payable upon lifting.
   • Preparation of SbST return and payment request form.
   • Submission of SbST return and proof of payment to Sabah MOF.

REQUIREMENTS AND QUALIFICATIONS

• Possess a bachelor’s degree in Relevant tax or accounting professional qualification – degree from recognized universities or equivalent holder (e.g. ACCA, MACPA, CIMA etc.).
• At least 2 years in the field of accounting / taxation with experience in large accounting firms is preferred.
• Strong knowledge of IFRS, MFRS and accounting and applied financial theory would be a strong plus.
• Experience in SUN, SAP and Microsoft Office (e.g. Excel, Word) applications would be a strong plus.
• Excellent oral and written communication and interpersonal skill in English and Bahasa Malaysia.
• Self-motivated with strong analytical and financial analysis capabilities.
• High attention to detail and the ability to work independently.
• Able to work cooperatively with all levels of staff, in a team, and across departments.
• Capable of thriving in a fast-moving environment with a positive and proactive attitude.