Tax Officer Job Opportunity at Stanbic Bank Tanzania

Tax Officer

Stanbic Bank Tanzania

Dar es Salaam

Stanbic Bank Tanzania is part of the Standard Bank Group, a leading financial services group focused on Africa. Established in May 1995, after Standard Bank Group acquired Meridien Biao Bank Tanzania Limited, the bank has been serving clients across various sectors, from individuals to large multinational corporates.

Company Overview

Standard Bank Group is a top financial services provider in Africa and has a growing presence globally. We offer great career opportunities and the chance to work with talented professionals. Our clients range from individuals to businesses, and we’re dedicated to helping Africa grow, creating meaningful value for both our clients and communities.

Job Description

We’re looking for a Tax Officer in Dar es Salaam to manage tax compliance and optimize tax positions for the bank. In this role, you will:

Prepare and file tax returns for the bank with the Tanzania Revenue Authorities (TRA) on time, including PAYE/ SDL certificates, VAT, excise duty returns, and corporate tax filings.
Research tax laws to stay updated and advise management on any tax-related matters.
Analyze financial data to identify tax savings and process improvements.
Manage tax audits and handle inquiries from tax authorities.
Build and maintain good relationships with government tax officials and external tax advisors.
Keep up-to-date with changes in tax legislation and assess their impact on the bank.
Collaborate with the finance team to ensure tax-related transactions are recorded accurately.
Prepare monthly, quarterly, and annual tax reports for management review.
Participate in month-end tax entries and ensure accounts are cleaned up.
Prepare quarterly service levy taxes and returns.
Assist with developing and implementing tax strategies to minimize liabilities.
Ensure compliance with transfer pricing regulations and documentation.
Perform tax account reconciliations and help with other relevant accounts.

Qualifications

Bachelor’s degree in Accounting, Finance, or related field.
3-5 years of experience in tax accounting or similar roles.
In-depth knowledge of Tanzanian tax laws and regulations.
Skilled in tax preparation software and Microsoft Office, especially Excel.
Strong analytical and problem-solving skills with attention to detail.
Excellent organizational and time management abilities.
Great written and verbal communication skills.
Ability to work both independently and as part of a team in a fast-paced environment.
Professional tax certification like CPA or ACCA preferred.
Understanding of international tax principles and their application to cross-border transactions.
Familiar with data management and financial analysis.
Knowledge of transfer pricing is a plus.