Key Responsibilities
1. Tax Compliance & Filing
- Prepare and submit VAT returns, TDS returns, and Income Tax filings as per Inland Revenue Department (IRD) requirements.
- Ensure timely deposit of taxes and statutory payments.
- Monitor and reconcile VAT, TDS, and tax liabilities on a regular basis.
2. Record Keeping & Documentation
- Maintain accurate tax records, invoices, and supporting documents.
- Ensure proper accounting of VAT credit, TDS credit, and tax provisions.
- Prepare schedules and reconciliations for audit and reporting purposes.
The Tax Officer is responsible for managing all tax-related functions of the company, ensuring full compliance with Nepalese tax laws, including VAT, TDS, and Income Tax. The role involves handling tax filings, maintaining accurate records, supporting audits, and advising management on tax planning to minimize liabilities while ensuring regulatory compliance
3. Tax Planning & Advisory
- Assist management in tax planning and optimization strategies to reduce liabilities within legal frameworks.
- Identify tax-saving opportunities and ensure compliance with changing tax laws.
4. Audit & Liaison
- Coordinate with external auditors, tax consultants, and IRD officials during audits and assessments.
- Respond to tax notices, queries, and assessments from authorities.
5. Financial Reporting Support
- Prepare tax-related reports for management (monthly/quarterly).
- Support finance team in budgeting, forecasting, and variance analysis.
6. Industry-Specific Responsibilities
- Handle taxation related to contract works, subcontractor payments, and retention amounts.
- Monitor tax compliance on project-based transactions (multiple sites).
- Ensure proper deduction and deposit of TDS on vendor/contractor payments.
- Track tax implications on mobilization advances, running bills, and project expenses.
