Tax Officer Duties & Responsibilities
The role and function of a Tax Officer includes the following duties and responsibilities:
- Tax Management and regulatory compliance of tax reporting/returns
- Support with the development and implementation of tax strategy
- Develop and implement strategic tax planning for all necessary federal and state taxes.
- Review tax returns and quarterly/yearly tax projections.
- Ensure the corporate tax liability is minimized within the ambit of the tax laws.
- Understand the financial and operational implications of various tax laws and ensure compliance.
- Implement effective tax planning strategies and ensure full compliance with relevant tax laws.
- Ensure accurate computation of all tax liabilities.
- Liaise with the tax consultants to ensure that the company's overall interests are protected during tax investigations and FIRS queries.
- Ensure complete documentation of relevant supports and proof of tax remittance.
- Monitor current and impending changes to tax regulation and make the appropriate updates to policies and strategies.
- Monitor future legislation that impacts taxation and operations, including future risks.
- Provide support in the identification, review and implementation of tax optimization opportunities.
- Develop and maintain relationships with appropriate personnel in relevant tax authorities.
- Timely monitoring and research on relevant taxation trends, legislative changes and relevant economic/fiscal changes.
- Ensure 100% remittance of all tax and statutory obligations.
Note that this is not an exhaustive list of Tax Officer duties and responsibilities. Job functions for specific Tax Officer roles may vary, depending on the industry and type of employer.
