Applications are invited from suitably qualified and experienced persons for the following posts:
POST D. TAX ACCOUNTANT
Duties and Responsibilities
DUTIES AND RESPONSIBILITIES
Tax Compliance Responsibilities PAYE (Pay As You Earn): Ensure accurate computation, timely deduction, and remittance of employees’ PAYE to ZIMRA. Prepare and submit monthly returns and annual returns (ITF16). Manage compliance with employee tax exemption requirements, where applicable. VAT (Value Added Tax): Compute VAT payable or refundable accurately on goods and services provided by the university. Prepare and submit VAT returns within stipulated timelines. Maintain comprehensive records of VAT input and output invoices for audits. Income Tax: Ensure timely and accurate filing of income tax returns Prepare quarterly tax estimates and payments as required by ZIMRA. Assist in the preparation and submission of final annual financial reports for tax audits. Withholding Tax on Tenders: Ensure accurate deduction of withholding tax on payments for awarded tenders in compliance with ZIMRA regulations. File and remit the deducted tax on time and issue withholding tax certificates to suppliers and contractors. Withholding Tax on Imports: Ensure correct deduction and remittance of withholding tax on the importation of specific services, where required by ZIMRA. Verify compliance with relevant import regulations and collaborate with customs officials when necessary. Withholding Tax on Non-Executive Directors: Deduct and remit withholding tax on sitting fees and other payments made to non-executive directors. Maintain accurate records and issue withholding tax certificates to directors for their tax obligations. Advisory Roles Provide guidance to university management on tax-efficient strategies and compliance risks. Advise on the tax implications of new university projects, grants, and international collaborations. Offer insights into structuring employee benefits packages to minimize tax burdens. Interpret and explain new tax legislation and regulations to stakeholders, including the finance team. Tax Policy Development & Maintenance Develop and maintain internal policies and procedures to ensure ongoing tax compliance. Conduct periodic reviews and recommend improvements in tax processes. Staying Updated with Tax Changes Monitor changes in tax laws, regulations, and guidelines issued by ZIMRA. Participate in professional tax seminars, workshops, and ZIMRA-hosted forums. Regularly update internal tax documentation based on new compliance requirements. Use of TARMS (Taxpayer Management System) Efficiently use TARMS (Tax and Revenue Management System) to: Submit electronic tax returns, track refunds, and manage queries with ZIMRA. Access and download tax compliance reports and certificates. Maintain communication with ZIMRA through the online platform for inquiries and compliance checks.
*NB: Midlands State University is an equal opportunities employer. In promoting gender parity, female candidates are encouraged to apply.
Qualifications and Experience
QUALIFICATIONS AND EXPERIENCE
Degree in Accounting or Finance Registered Tax Accountant At least two years of post-qualification relevant work experience
How to Apply
APPLICATIONS
Applicants must submit copies of applications with the following: application letter, certified certificates and curriculum vitae giving full details of names, place and date of birth, experience, present salary, date of availability, contact telephone number (s) and names and email addresses of three referees to:
Application documents must be in a single-scan pdf format. The closing date for this advert is 21 February 2025. Applicants should clearly state the post being applied for in the subject line. It should also be noted that non-adherence to any of the above instructions will automatically cause the application to be disqualified.
Please note that only shortlisted candidates will be contacted within 30 days from the closing date of the advert. If not contacted, your application will be deemed not successful.
