Magda Nel

Experience

• 

  Steyn, Smith & Fourie

  Jan 1988 - Jan 1991

  Clerk

  Key Roles: Responsible for drawing up financial statements | Performed statutory audits under supervision.

• 

  Department of Labour

  Jan 1992 - Aug 1992

  Administrative Officer

  Key Roles: Drafting of departmental division budget | Mentoring administrative staff.

• 

  SARS

  Sept 1992 - May 2000

  Lecturer at Human Resource Development Centre

  Key Roles: Responsible for presentation of Income Tax courses on intermediate and specialised level | Developed study material | Evaluated students | Provided software training on the Income Tax System | Presented Accountancy courses.

• 

  Absolute Tax Training Institute

  Nov 2000 - Sept 2001

  Partner

  Key Roles: Responsible for compilation of lecture material for seminars | Presentation of seminars to Auditors, Lawyers and Financial Advisors | Topics dealt with included: Capital Gains Tax; Residence Basis of Taxation and Trusts | Marketing and client liaison and administration and finances.

• 

  SARS

  Oct 2001 - Oct 2006

  Acting Audit Manager | Team Leader | Auditor

  Key Roles: Responsible for conducting integrated tax audits | Specialised in Trusts and CGT | Managed a Trust Project | Compiled User Manual for the Income Tax System [relating to Assessments and Audits] | Assisted branch offices with implementation of new Income Tax System | Assisted Client Services section of the Receiver of Revenue; providing advice and addressing queries.

• 

  Kumba Iron Ore

  Nov 2006 - May 2008

  Tax Manager

  Ensuring SARS Compliance: Ultimately accountable for calculating and paying corporate taxes; completing returns, calculating STC and arranging payment.Responsible for sending out tax packs, providing support to mines, consolidating reports, calculating provisional tax, completing returns and arranging payment.Identifying items to be consolidated for tax, comparing with tax pack, generating detailed tax calculations, completing schedules and returns, subsequently submitting to SARS.Discussing problem areas and finding solutions, reviewing schedules, reviewing returns and submitting complete returns to SARS.Responsible for meeting with SARS regarding queries and audits, gathering required information, managing the audit process, responding to further questions, objecting to additional assessments and obtaining legal advice if required.Tax Accounting: Responsible for year-end reconciliation; budgeting and forecasting; including updating tax packs for logistic changes; assisting with completing packs; supporting mines; reviewing packs; consolidating packs, arranging tax audits; preparing schedules for auditors; completing CFC calculations; preparing tax notes for Financial Statements and reviewing tax audit reports and providing appropriate comments.Reporting: Completing and submitting Anglo reports; including submitting monthly reports on all projects; providing weekly updates on projects; preparing treasury consents; obtaining prior approval for UK tax implications; compiling UK CFC returns; commenting on Tax Law changes on behalf of Kumba to Anglo; completing residency and other appropriate reviews, as well as losses and other relevant schedules.General Support: Providing training on legislation changes, overall tax advice and answering queries relating to VAT/PAYE.Further Key Roles and Accountabilities upon Request. Show less

• 

  Anglo American

  Jun 2008 - now

  Tax Manager

  Provide commercially sound integrated technical tax advice on group projects (including share schemes and company provided accommodation) in the Africa region. Identify and maximise value adding opportunities. Propose amendments to tax legislation by submitting written proposals to lobbying parties.Provide support to the Tax Compliance Team to enhance tax knowledge.Proactively maintain awareness of tax technical issues across the group through written tax updates and tax seminars.Provide day-to-day tax advice to the Mines, Human Resources, Payroll and the Pension Fund. Review legal agreements to identify tax risks and prepare written advice on the tax implications of agreements. Review policies to identify tax risks and prepare written tax advice on the tax implications of policies.Extract information and prepare responses to SARS audit queries.Review correspondence addressed to SARS.Apply for Advanced Tax Rulings. Show less