Principal Accountant - Tax

Tax advisory and compliance

Key accountabilities and decision ownership

• Proactively support and partner with business across the Safaricom Group entities within the wider Group Tax function to create sustainable value for the Group.
  
• Tax policy - Tracking changes in tax legislation and advising the business on the impacted products and business areas.
  
• Follow-through and tax changes implementation across the various systems in the business.
  
• Tax training for business units and stakeholders through staff caravans and supplier forums.
  
• Support tax audits, disputes and tax litigation within the Group.
  
• Stakeholder management – Help to liaise with outside advisors (including auditors, legal, revenue authority and other advisors) to ensure proper and efficient tax planning, business partnering and solutions.
  
• Support the analysis of tax policy changes because of Finance Bill/Act and gazetted tax policy changes and advice on the implication for the Group.
  
• Monitor and communicate legislative changes and practice to the wider tax team and business as appropriate.
  
• Proactively review of contracts, products, and promotions to mitigate tax exposures to the business.
  
• Safaricom Group tax return processing and settlement of tax obligations – ensure that these processes are undertaken within the stipulated timelines.
  

Transfer pricing

Assist with the adherence to transfer pricing policies and procedures and ensure compliance with local transfer pricing regulations to include:

• Updating and maintaining transfer pricing policy.
  
• Updating the master and locale files documentation in collaboration with external advisors.
  
• Managing transfer pricing models and documentation.
  
• Managing local transfer pricing arrangements and documentation in collaboration with external advisors.
  
• Transfer pricing related audits.
  
• Provide transfer pricing advisory and guidance to the business for key projects.
  

Tax Reporting

• Ensure that adequate preparations are made for the annual statutory audit & Tax compliance checks.
  
• Safaricom Group monthly, half and full year tax computation preparation in line with the Group annual reporting schedule.
  
• Prepare monthly/annual tax schedules for financial reporting purposes.
  
• Tax planning and forecasting reports – Preparation of monthly, quarterly and annual reports, including a variance analysis report in line with the Group reporting calendar.
  
• Participate in the monthly Balance Sheet Review processes, including adequately preparing the supporting schedules.
  
• Internal tax controls and process automation – Maintaining the tax controls, undertaking self-reviews and ensuring adherence to the documented processes, procedures and controls.