Tax Executive

Tax Executive (Fixed Term Contract)

MISION

Indirect Taxation will be responsible for managing and executing all activities related to Value Added Tax (VAT), including reporting, reconciliations, audit support, and compliance with Sri Lankan tax laws. This role requires strong attention to detail, cross-functional collaboration, and the ability to handle multiple reporting formats and deadlines efficiently.

KEY EXPECTED ACHIEVEMENTS

• Prepare monthly VAT Schedule 6 in coordination with the Export Department, including all export and remittance receivable details for VAT return submission.
• Liaise with all manufacturing plants to gather employee meal and transport cost data, prepare VAT liability reports, and post journal entries to allocate costs to relevant cost centers.
• Provide general and specific documentation for IRD audits and amend VAT returns when necessary.
• Maintain and reconcile the monthly input tax file with the VAT recoverable account; collaborate with the Shared Service Center (SSC) to ensure completeness.
• Clear input invoices in SAP and compile VAT Schedule 2 for submission with returns.
• Reconcile the monthly import customs report with the Board of Investment (BOI) report and prepare Schedule 3 for IRD submission.
• Conduct monthly export remittance reconciliations to validate receipts against invoices.
• Finalize six-month export remittance reconciliations and calculate provisions for disallowed VAT.
• Compile and submit monthly bank statements (Euro/USD) from HSBC and Commercial Banks for IRD audit purposes.
• Monitor input VAT recoverable accounts daily for ML and MBSL; identify and resolve invoice issues with SSC.
• Reconcile and clear VAT provision GL accounts monthly to prevent SAP exchange rate discrepancies.2.
• Perform import reconciliations by comparing Customs and SAP reports; flag and communicate discrepancies to the Import Department.
• Conduct monthly export reconciliations by comparing SAP sales data with Customs reports. Summarize and consolidate findings.
• Prepare the BOI Savings Report.
• Perform revenue reconciliations, including value-wise customs reconciliations

The Shared Service Center in Colombo includes over 90 achievers, authentic and industrious people from different backgrounds. In this role, you collaborate closely with your team members, senior management and variety of stakeholders in Michelin Group Entities.

Michelin Lanka is an equal opportunity employer and is committed to a diverse and inclusive workplace. Non-discrimination is a non-negotiable cornerstone of Michelin's diversity and inclusion policy.