Taxation Accountant
What's it like to be a Taxation Accountant?
A Taxation Accountant organizes and files their company’s financial and income tax statements in accordance with taxation laws and regulations. They prepare monthly, quarterly, and annual tax reports for compliance and monitoring purposes as well as secure their company’s tax database by storing and organizing financial documents such as receipts and invoices. A Taxation Accountant also gathers, processes, and files documents for government agencies such as the Bureau of Internal Revenue (BIR), the Philippine Board of Investments (BOI), and local government units.
Tasks and duties
- Maintaining and organizing the company’s physical and digital financial records, especially with regard to tax.
- Preparing, processing, and filing monthly, quarterly, and annual tax reports, such as Withholding Taxes, VAT, Income Tax Returns, etc.
- Assisting in the renewal of permits and licenses (business permits, barangay clearance, sanitary permits, local clearance, etc.)
- Ensuring company compliance with other national and local government tax-related regulations.
How to become a Taxation Accountant
A Taxation Accountant is a specialized role that requires an undergraduate degree in accounting or a finance/business-related course. A Taxation Accountant generally has 3-5 years of working experience in tax, accounting, or bookkeeping. Extensive knowledge of Philippine tax laws and processes and a Certified Public Accountant (CPA) certification are necessary. A Taxation Accountant must also have accreditations from the Board of Accountancy (BOA) and the Bureau of Internal Revenue (BIR).
Graduate with an undergraduate degree in accounting, finance, or business.
Gain 3-5 years of work experience in accounting, particularly in tax. Entry-level positions to consider are Accountant, Junior Auditor, or Financial Analyst.
Acquire a Certified Public Accountant (CPA) certification.
Get accreditations from the Board of Accountancy (BOA) and the Bureau of Internal Revenue (BIR).
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