ToR: Tax Advisory Firm

Rating: 
Average: 3.2 (62 votes)
Sector: 
Banking

Urwego Bank Ltd is dedicated to providing financial services to the people of Rwanda. Motivated by Jesus Christ’s call to serve those in need. Its mission is to achieve economic spiritual transformation in the lives of underserved, using financial services and tested trainings as we share Jesus Christ’s love.

RECRUITMENT OF TAX ADVISORY FIRM
Background:

Urwego Bank, ltd (the Bank hereinafter), ltd is a leading Microfinance Bank committed to serving the underprivileged. As per tax law, the Bank files various indirect or direct tax to tax administrator namely income tax, value added tax, Withholding tax, customs duties among others. Moreover, it remits pension and maternity leave contributions to Rwanda Social Security Board (RSSB).

Term of references for tax advisory firm

The Bank would like to recruit a committed, professional tax advisory firm (tax advisor hereinafter).

With due care, diligence and professional behavior, the tax advisor will assist the company in its unwavering efforts to be a compliant tax payer. Expected duties and responsibilities include among others to:

  • provide timely tax advices and assist the Bank in meeting tax administrators’ expectation and various queries;
  • be always ready for prompt availability for consultation on tax related issues;
  •  Upon management request, conduct retrospective review of filed taxes and give recommendations. Issue to the bank detailed computations to enable rectification where under or over filing is noted and assist the bank throughout rectification process;
  •  Assist the Bank in conducting tax planning and determine effective tax rates;
  • Prepare on quarterly and annual basis deferred tax in accordance with IAS 12 and respond to any query from external auditors or any other stakeholder
  •  Unwavering readiness to assist HR and finance department during monthly declaration of VAT, payroll and RSSB pension and maternity contributions;
  • Assist the bank in responding to tax matters arising prior, during and after tax inspection;
  • Organize tax related training as requested by management;
  • Assist the bank in aligning its operations to any latest development  in tax laws;
  • Filing annual corporate income tax;
  • Free of charges representation and assistance to meet any query arising from any application of tax recommendation or advisory issued by tax advisor to the company;
  • Any other tax duties as deemed necessary by the bank Management.

Tax advisory working time

  • Tax advisory services will be conducted on demand and charges will depend upon days (8 hour a day) agreed upon with management depending upon the nature and complexity of matters arising;

Qualifications, experiences and ethical-socio behavior

The tax advisor needs to fulfill the following conditions among others:

  •  Registered company with ICPAR and in good standing;
  • RRA certificate for tax advisory;
  •  Availability of competent team with experience in tax matters and proper professional qualification (ACCA or CPA);
  • At least 5 certificates of successful tax advisory from different resident reputable institutions;

Interested candidates are requested to submit sealed bids with mention “terms of references on tax advisory”.  The bids should include among others the updated registration of practitioner delivered by ICPAR, 5 recommendations and 5 certificates of completion. and any other documents deemed necessary to support competencies, skills, and experiences.

Extra specification:

Pricing: Daily (8 hours/day) rates in case tax advisor is solicited Frw……………………………………………………

List other competitive advantages and services that your firm reserves for the bank to support its effort in discharging its tax obligations and expectations: 

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Proposed time (number of days) to conduct some specific tax assignments:

 

Quarterly deferred tax

Annual Deferred tax

Annual Income tax declaration

………………day

………………..day

…………………..day

Venue for submission: kindly remit your sealed bids quoting tender reference no, name of your company, and address to the following address:

Reception of Urwego,

KN 5 RD, Rukiri-Remera-Gasabo- Umuyenzi Plaza

P.O.BOX 748

Deadlines for submission: 22nd June 2018 at 5:00 PM