Matsuma Marilyn Tloti

Local Taxation:

• Responsible for Income Tax compliance for our legal entities in South Africa, Zambia, Kenya and Nigeria.

- Tax Computations

- Tax Returns

- Provisional Tax

• Responsible for Withholding Tax in Zambia.

• Responsible for VAT in South Africa and Zambia.

• Responsible for all other Indirect Taxes in South Africa.

International Taxation:

• Transfer Pricing/ICTP

Responsible for the drafting and maintenance of local files as per the OECD guidelines.

• CbCR

Responsible for collating info for group CbCR Reports as well as for tax authorities annual reporting in Kenya and Nigeria.

Other:

Tax Opinions writing.

Tax Risk Reporting.

Reports for Global minimum tax calculation.

Transfer Pricing audits by tax authorities.

Facilitating tax and VAT training in various business units.

CIT audits by tax authorities.

Maintaining SARS efiling platform.

· Assisted with the management of the Direct and Indirect tax governance, compliance, administration and reporting function for the bank.

· Ensured compliance with tax regulations, optimising tax strategies to minimise liabilities, and provide expert guidance on tax-related matters.

· Analysed complex financial data to interpret tax-related information accurately.

· Calculation of tax provisions, deferred tax assets/liabilities, and other tax-related financial metrics.

· Assistance with the calculation of the VAT apportionment as per the SARS Ruling.

· Communication of complex tax concepts and provision of guidance to internal stakeholders.

· Worked collaboratively with cross-functional teams, to achieve tax-related goals and objectives.

· Involvement in new product development workshops to advise on tax implications for the customers and bank from development stage to foresee and mitigate tax risk.

· Research and writing of tax opinions for business units.

· Preparation of tax computations (tax expense and deferred tax) for companies in the group.

· Preparation of tax journals.

· Preparation of all taxation notes for the preparation of the financial statements.

· Reviewing VAT recons and overseeing submission of VAT returns and payment.

· Researching and providing tax opinions to the business units.

· Calculations and payment of provisional tax

· Preparation and submission of tax returns for all companies in the group.

· Preparation and submission of IT14SDs.

· Review and overseeing payment of EMP201s.

· Review of tax schedules prepared by the tax clerks.

· Dividends tax calculation and tax return submissions.

· Securities Transfer Tax calculation and tax return submission.

· Liaising with the external tax auditors.

· Handling general SARS queries.

· Maintaining relationships with SARS.

· Providing Income Tax and VAT training to the Finance Department.

· Assistance with preparation of CbCR reporting documents.

· Assistance with Transfer pricing documents review.

· Assistance with adhoc projects.

· Preparation of individual companies’ financial statements.

· Preparation of the monthly, quarterly and annual group consolidated financial statements.

· Liaising with the auditors to ensure a smooth audit process.

· Liaising with the actuaries for financial reporting that requires actuarial calculations.

· Preparation of quarterly reports to FSB.

· General accounting work for the holding company (posting bank batches, reviewing bank recons, processing payments, etc.).

· Reviewing and managing tasks completed by the creditors clerks and cashbook clerks.

IFRS and GRAP Compliance

· Trained clients on how to prepare Financial Statements that are IFRS compliant.

· Customized Financial Statements for clients to best suit their reporting needs.

· Designed and ran the process of implementation of Financial Statements based on clients’ data.

· Advised clients on IFRS, Companies Act and Income Tax Act requirements when preparing Financial Statements.

· Consolidations of Financial Statements as per the IFRS requirements.

· Consolidations – advising clients on the best accounting treatment for associates, joint arrangements and foreign investments.

· Municipalities and Public entities – training and assistance with preparation of Financial Statements that are compliant with the GRAP standards.

· Municipalities and Public entities – training and assistance with preparation of National Treasury Monthly Reports as per the National Treasury Requirements.

• Liaison with clients to provide clarity on BB-BEE compliance requirements.
• Pre-site engagements to gain an understanding of the client’s company profile and operations.
• Supported audit preparation by compiling accurate documentation and records for review.
• Application of knowledge of SA legislation (Companies Act, Vat Act, SDL Act, etc.) in analyzing the correctness of information provided.
• Calculations of client’s BB-BEE score based on the BB-BEE Codes of Good Practice.
• Established strong relationships with clients by providing exceptional customer service during the verification process.
• Maintained strict adherence to data privacy regulations, safeguarding sensitive client information at all times.
• Mentored junior analysts in effective strategies for swift problem resolution while maintaining a keen eye for detail.

• Enhanced internal controls through thorough risk assessments and recommendations for improvements.
• Managed multiple concurrent audits, ensuring timely completion within budget constraints.
• Mentored junior auditors, providing guidance and feedback for professional growth and development.
• Conducted comprehensive financial statement reviews, identifying inaccuracies and areas for improvement.

Accounting:

∙ Initiating and effecting journal entries.

∙ Perform creditors recons and bank recons.

∙ Apply correct treatment to transactions in terms of IFRS.

∙ Preparation of audited annual financial statements.

∙ Reconciliation of VAT and Income Tax accounts to SARS documentation.

∙ Perform income tax calculation for accounting purposes.

∙ Performing deferred tax calculation for accounting purposes.

∙ Preparation of fixed asset register.

Management Accounting:

∙ Preparation of audit budgets and monitoring costs vs the budget.

∙ Performing financial statement analysis.

Taxation:

∙ Preparation and review of VAT returns.

∙ Preparation and review of Income tax returns.

∙ Preparation and review of Statutory records required for business entities.

∙ Preparation and review of EMP201.

∙ Calculating taxable income.

Auditing:

. Planning the audit engagement

. Developing an overall audit plan and strategy

. Performing substantive audit testing

. Performing test of controls

. Supervise and regularly review planned audit tests that are conducted by juniors

. Provide performance feedbacks to juniors

. Communicate audit findings with audit partner

. Draft letter to management summarizing audit findings making recommendations and

showing consequences of not implementing the recommended changes.

Leadership:

. Managed staff and the entire audit process on audit engagements and reported directly

to the audit partner in charge of the audit.

. Delegation of work to audit staff in a way that best suits their individual strengths and

weaknesses.

. Resolving conflicts in the audit team to ensure harmony and team success