Tax Computation
Compute Goods and Services Tax, and tax liabilities
Type
Functional
Competency Area
Taxation
Levels
Basic tax calculations
Able to handle GST issues effectively without guidance covering the following:
Application of Goods and Services Tax (GST) regulations on all transactions within current scope
GST computations calculate organisation’s tax obligations accurately
Prepare computations of tax liability for businesses and organisations
Determine for the organisation its tax exempt amount, corporate income tax rebates, or tax exemption schemes
Prepare tax documentation to determine the amount taxable based on the corporate tax rate
Ensure the right citations are readily available and highlighted based upon the importance to support the case
Review tax computations
Evaluate tax computations to ensure accuracy
Review all possible tax exemption schemes and tax cash grants for the organisation
Advise management on the most efficient tax position for the organisation