PalmPay

Tax Specialist

Reposted 3 Days Ago

Be an Early Applicant

Lagos, Lagos Island, Lagos

In-Office

3-5

Mid level

Fintech • Payments • Financial Services

The Role

As a Tax Specialist, you will manage tax compliance, reporting, financial accounting, transaction management, and risk assessment, ensuring adherence to Nigerian tax laws.

Summary Generated by Built In

Job Responsibilities1. Tax Compliance and Reporting

Accurately calculate and file monthly/quarterly/annual taxes in strict accordance with Nigerian tax laws, including but not limited to Value Added Tax (VAT), Corporate Income Tax (CIT), Withholding Tax (WHT), etc. , ensuring 100% compliance with Nigerian tax laws and regulations.
Manage the full cycle of tax filings, including data collection, reconciliation, declaration submission via FIRS e-filing systems, and timely tax payment.
Maintain meticulous records of tax-related documents (e.g., tax returns, payment receipts, invoices) and ensure compliance with document retention requirements for FIRS/SBIR audits.

2. Financial Reporting and Tax Accounting

Prepare monthly tax provisions and ensure accurate recording of tax transactions in the general ledger (e.g., debits/credits for VAT payable, PAYE accruals).
Reconcile tax balances with financial statements to maintain data integrity.
Support the calculation of deferred tax assets (DTA) and liabilities (DTL) in compliance with Nigerian Accounting Standards (NAS) or IFRS.

3. Transaction Tax Management

Oversee end-to end invoice operations,ensure invoices align with VAT regulations (e.g., accurate customer details, tax rates, and transaction classifications).
Regularly audit transaction records in the EKB system to validate tax classification accuracy and correct any discrepancies in tax rate application.
Review business contracts (e.g., payment agreements, partnerships) to identify potential tax risks (e.g., withholding tax obligations, crossborder tax implications) and provide compliance recommendations.

4. Tax Risk Management and Audit Support

Monitor changes in Nigerian tax policies (e.g., Finance Act updates, FIRS circulars) and assess their impact on the company’s operations. Proactively advise teams on compliance adjustments.
Assist the Tax Manager in responding to tax authority inquiries (FIRS/SBIR audits), preparing supporting documents, and coordinating with external advisors to resolve disputes.

Key Qualifications for Tax Specialist Position1. Education & Certification

Bachelor’s degree in Accounting, Taxation, Finance, or related field.
Professional certification (e.g., ICAN, ACCA, CITN) is strongly preferred.

2. Work Experience

Minimum 3 years of hands - on experience in Nigerian tax accounting, compliance, and reporting.
Financial services or fintech industry experience, knowledge of Nigerian payment systems (e.g., NIBSS, Paystack, Flutterwave) and their tax implications are highly desirable..
Experience working with multinational corporations or Big 4 accounting firms preferred.

3. Core Competencies

Attention to detail and accuracy in handling complex tax calculations and filings.
Analytical skills to interpret tax regulations and assess business impacts.
Problem - solving abilities to address tax compliance issues and optimize tax positions.
Communication skills to liaise effectively with internal teams, tax authorities (FIRS/SBIR), and external advisors.
Team player with the ability to collaborate cross - functionally in a fast - paced environment.
Adaptability to changing tax policies and regulations.
Adequate knowledge of tax authorities softwares such as Tax ProMax, e-Tax Portal and others