Analyst, Taxation

Posted On: July 1, 2024
Location: Kuala Lumpur
Job Function: Taxation
Employment Type: Permanent

DUTIES AND RESPONSIBILITIES

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

 

KEY ACCOUNTABILITIES

Primary accountabilities

  • Accounting analysis, compiling information for compliance of Petroleum Income Tax, Corporate Income Tax, Sabah State Sales Tax, Service Tax on Imported Taxable Service, Withholding Tax. 
  • Compiling information for tax reporting for submission to head office. 
  • Tax input for cash flow forecast purpose.
  • Withholding tax submission and payment. Process payments for the tax team.

Petroleum and Corporate Income Tax

  • Analyze General Ledger transactions by reference to source documents, compiling information from Business Unit users as input for preparation of petroleum and company income tax computations and returns forms for annual tax filing to Malaysian Inland Revenue Board (MIRB).
  • Work closely with colleagues from various departments to obtain accurate and reliable information for preparation of tax computations.
  • Compile data for computation of tax estimates.
  • Process payments for tax instalment, Service tax, Sabah Sales Tax, Withholding tax, as well as payments for invoices from external consultants. 
  • Liaise with MIRB, RMCD, 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 SAP 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. 

Tax Accounting and Tax Reporting

  • Prepare monthly tax provision for both current and deferred taxes and propose the tax entries for booking into accounting system.
  • Prepare quarterly tax questionnaires (tax reporting) submission to head office on current & deferred taxes and tax rate reconciliation.
  • Prepare tax receivable, tax payable and deferred tax continuity.
  • Compile information and details from Finance colleagues to prepare monthly tax reporting for submission to head office in respect of statutory payments to governments. 
  • Compare tax numbers between provision and actual tax returns, prepare True Up calculation for Senior’s review before booking.

Service Tax

  • Prepare service tax computation return form and payment request in respect of Service Tax on Imported Taxable Service for monthly submission and payment to Royal Malaysian Customs Department.

Withholding Tax

  • Provide advice on withholding tax treatment to Business Unit users.
  • Check in SUN System for payments or deemed payment via crediting to non-resident vendor. 
  • Prepare withholding tax return and payment request for submission to MIRB.

 

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. 
  • Ability to work in a fast-moving environment with positive and proactive attitude. 
  • Experience in 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, strong analytical and financial analysis capabilities, high attention to detail and the ability to work independently. 
  • Ability to work cooperatively with all levels of staff and in a team and other departments.

 

Apply Now