Jubilee Life Insurance Company Limited

Senior Executive / Assistant Manager Taxation

Location
Karachi (PK)
Salary
Package includes: Market competitive salary
Posted
13 Jan 2025
Closes
20 Jan 2025
Approved employers
Approved employer
Sector
Insurance
Contract type
Permanent
Hours
Full time
Experience level
Entry level, Part qualified

Key Responsibilities:

  • Preparation and filing of corporate income tax including all necessary schedules as per Income Tax Ordinance 2001 and rules there under.
  • Preparation and filing of sales tax returns related to FBR, SRB, PRA and KPK regime including all necessary schedules.
  • Computation and calculation of monthly, quarterly and annual current and deferred tax.
  • Preparing reconciliation of WHT weekly income tax payment and its e-filling related to FBR, Gilgit & AJK regime.
  • Preparing working and process payment related to tax on premium of FBR and AJK. 
  • Prepare working related to compliance of Income tax and Sales Tax pertaining to FBR, SRB, AJK and Gilgit. 
  • Manage and oversee the preparation of tax provisions and accruals for financial reporting purposes.
  • Ensure compliance with all Income Tax Laws, regulations, and filing requirements.
  • Close coordination with external tax consultants and tax lawyers.
  • Prepare tax schedule and reconciliation of all taxes paid to govt for monthly and quarterly basis, to support financial reporting team for monthly, quarterly and annually reporting. 
  • Advising and assisting regarding tax matters to Admin, AP and Marketing department to proceed payments. 
  • Preparation of working and finalization payment of quarterly Advance tax under section 147. 
  • Engaged in preparation of AJK final Accounts. 
  • Review and finalization of tax payment related to dividend and bonus shares. 
  • Ensuring all advance tax deduction certificate collected from banks and others parties. 
  • Reviewing of zakat payment and its reconciliation and making payment entries in system. 
  • Conduct tax research and stay up-to-date on changes in income tax laws and regulations.
  • Ensure that all tax-related matters are handled in a timely and efficient manner. Issuance of tax certificates to employees.
  • Participate in special projects and other duties as assigned by management.

Requirements:

  • Minimum bachelor’s / master's degree in a relevant field (e.g., Business Administration, Finance) / ACCA
  • Proven experience in a similar role, preferably in the life insurance industry.
  • Strong knowledge of income tax and sales tax laws, relevant regulations and filing
  • Excellent analytical, problem-solving, and communication skills.
  • 2-3 years’ experience in Tax firm in supervisory position, preferably in Life Insurance Company.

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