Specialist: Tax at Capitec Bank

Purpose Statement

• Provide subject matter expertise to enable and support tax compliance across the group.
• Conduct monthly income and deferred tax calculations for financial accounting and group reporting purposes.
• Assume responsibility for the 5 funds life tax calculation of Capitec Life. 

Qualifications (Minimum)

• Honours Degree in Accounting - Financial Accounting or Commerce
• Qualified Chartered Accountant (CA)

Qualifications (Ideal or Preferred)

• A relevant post-graduate qualification in Tax or Commerce

Experience

Minimum:

• 4 – 6 years’ post article experience in tax accounting and tax compliance
• Financial services experience

Ideal:

• 6+ years post article experience in tax accounting and compliance

Knowledge

Minimum:

• Extensive knowledge of IFRS
• South African tax legislation
• Financial Services landscape

Ideal:

• Tax legislation as it relates to Insurance
• IFRS 17 Accounting
• Section 29A of the Income Tax Act
• SAP experience

Skills

• Analytical Skills
• Attention to Detail
• Decision making skills
• Interpersonal & Relationship management Skills
• Problem solving skills

Key Tasks and Accountabilities

Tax Compliance:

• Review and conduct a critical analysis of monthly VAT returns and variance comparisons
• Prepare and deliver provisional tax calculations, income tax returns, security transfer tax returns, dividend withholding tax, IT3 and FATCA/CRS returns within agreed timelines.
• Responsible for SARS tax administration (for example registering and deregistering companies on e-filing, managing of users on e-filing and issuing Tax Clearance Certificates for all companies). 

Tax Reporting:

• Compile and deliver relevant monthly reports on income tax and deferred tax calculations for various companies within Capitec.
• Responsible for the preparation of monthly 5 funds life tax computation and related SARS requirements.
• Ensure adherence to internal tax policies and procedures including the tax compliance register, tax risk register and new business register.

SARS and other stakeholder engagement:

• Respond to and resolve tax related queries from the business.
• Liaise with internal and external (SARS and BASA) stakeholders and maintain healthy interactive relationship conducive for collaboration and achievements of objectives.
• Liaise with SARS directly to address queries and audits.
• Coordinate the collation and exchange of information between Capitec and SARS.
• Support the Lead: Tax with educating business stakeholders and team members on taxation principles and processes.

Conditions of Employment

• Clear criminal and credit record