Tax Associates

Job Title: Tax Associate

Company: TOMORO COFFEE Philippines Inc.

Location: Taguig City, Metro Manila, Philippines

Job Summary: The Tax Associate at TOMORO COFFEE Philippines Inc. will be a key member of the finance team, responsible for ensuring accurate and timely compliance with all Philippine tax laws and regulations relevant to a fast-growing coffee retail business. This role involves active participation in tax preparation, meticulous record-keeping, assisting in tax planning, and supporting internal and external audits to minimize tax liabilities and ensure adherence to the Bureau of Internal Revenue (BIR) requirements. Given TOMORO COFFEE's rapid expansion, the Tax Associate will also help the company navigate evolving tax implications of new stores and business initiatives.

Key Responsibilities:

• Tax Compliance and Preparation:
• Prepare and review various tax returns, including but not limited to:
• Monthly and Quarterly Value-Added Tax (VAT) declarations (BIR Form 2550M/Q), ensuring proper input and output VAT recognition given the nature of coffee retail sales.
• Monthly and Quarterly Expanded Withholding Tax (EWT) returns (BIR Form 1601-E), particularly for payments to suppliers, lessors of store spaces, and service providers.
• Monthly Withholding Tax on Compensation (BIR Form 1601-C).
• Quarterly and Annual Income Tax Returns (BIR Form 1702Q/RT/EX/MX, depending on corporate structure).
• Documentary Stamp Tax (DST) on relevant transactions (e.g., leases, loan agreements).
• Other applicable taxes
• Ensure strict adherence to all BIR filing and payment deadlines.
• Reconcile tax accounts with general ledger balances to ensure accuracy in financial statement reporting.
• Prepare and process electronic filing and payment (EFPS) for BIR tax returns.
• Maintain organized and accessible records of all tax filings, supporting documents, and tax-related correspondence.

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• Tax Research and Advisory:
• Stay updated on the latest Philippine tax laws, revenue regulations, and BIR rulings affecting the food and beverage industry, particularly coffee retail (e.g., changes in VAT rules, EOPT Act implications).
• Assist in evaluating the tax implications of new business initiatives, store openings, and operational changes.
• Provide internal advice and guidance on tax matters to relevant departments (e.g., purchasing, operations, HR).
• Audit Support and Liaison:
• Assist in preparing for and supporting BIR tax audits, including gathering requested documents, providing explanations for tax positions taken, and responding to queries from tax authorities.
• Liaise with external tax consultants and auditors as needed.
• Prepare necessary schedules and reconciliations for audit purposes.
• Financial Reporting and Analysis:
• Collaborate with the accounting team to ensure proper recording of revenue, expenses, and assets in accordance with tax requirements.
• Assist in the preparation of tax provisions for financial statements.
• Perform tax reconciliation statements (tax return vs. books) and analyze variances.
• Process Improvement:
• Identify opportunities to streamline and improve tax compliance processes and procedures.
• Assist in the implementation of tax-related software or systems.

Qualifications:

• Education: Bachelor's degree in Accountancy.

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• 1-3 years of proven experience in tax preparation and compliance, preferably within a retail, food & beverage, or multi-branch business environment. Experience from a public accounting firm with tax engagements is highly advantageous.
• Solid understanding of Philippine taxation, including VAT, EWT, Income Tax, and other relevant BIR regulations.

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• Skills:
• Strong analytical and problem-solving abilities with exceptional attention to detail.
• Excellent written and verbal communication skills in English and Filipino.
• Proficiency in accounting software (e.g., SAP, QuickBooks, or similar ERP systems) and advanced Microsoft Excel skills.
• Ability to manage multiple tasks, prioritize effectively, and work under pressure, especially during peak periods.
• High level of integrity and professional ethics.
• Proactive, self-motivated, and a team player.

Job Type: Full-time

Pay: Php20, Php23,000.00 per month

Work Location: In person