Dangote Group is one of Nigeria’s most diversified business conglomerates with a hard – earned reputation for excellent business practices and products’ quality with its operational headquarters in the bustling metropolis of Lagos, Nigeria in West Africa.
Job ID:HOTDCP041224 Location: Lagos
Job type: Full time (On-site)
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.
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.