Funmilayo Salu

Experience

• 

  KPMG Tax & Advisory

  Sept 2010 - Jan 2017

  Assistant Manager

  •Team lead on various tax compliance engagements involving computation of tax liabilities and statutory filing for multinational and national companies across various sectors• Resolution of various tax audit issues raised by the tax authorities on clients cutting across various sectors • Tax due diligence carried out on behalf of a multinational investment company on a targeted Nigerian companies•Monthly expatriates PAYE tax computations for clients in the oil & gas sector•Team lead on various engagements involving provision of general oversight on the clients’ payroll and PAYE-related records and processes as regards their expatriate employees. •Advisory on efficient tax structures to various multinational companies in Nigeria.•Team lead on various tax review engagements, contract structuring and advisory projects for both multinational and national companies in various sector Show less

• 

  KPMG Advisory Services

  Oct 2010 - Sept 2013

  Staff Assistant - Semi Senior

  • Team member on engagements providing regulatory support on the Nigerian Banking Reforms process• Team member and team lead on various tax compliance engagements involving computation of tax liabilities and statutory filing for multinational and national companies in the manufacturing, banking and other sectors.• Resolution of various tax audit issues raised by the tax authorities on clients cutting across various sectors Team member on engagements to conduct a review of the tax audit reports issued by relevant tax authorities on the clients’ records, objecting to same and liaising with the tax officials with a view to resolving all outstanding issues. • Advisory on efficient tax structuring to a multinational company on proposed investment in Nigeria. Show less

• 

  GE

  Feb 2017 - Apr 2017

  Employment Taxes - Leader (West & Central Africa)

  Manage the tax compliance process and liaise with tax advisors and relevant tax authorities for all GE entities in West and Central AfricaEstablishing optimum deployment, appropriate secondment / service arrangements, add to payroll, wing to wing operations in new countriesProvide tax services to business heads and business finance partnersDrive successful implementation of tax saving initiatives within West & Central AfricaImprove quality & timing of reporting of payroll costs to corporate taxes; and reconcile Personal Income Tax(PIT)/ Companies Income Tax (CIT) positionsFull support on analysis and resolution of tax audits. Also, representation to tax authorities on tax audits and queries. Show less

• 

  PwC

  Apr 2017 - May 2021

  Senior Manager

  • Conducting tax health checks on the records of Companies to determine the compliance level with Companies Income (CIT), Tertiary Education Tax(TET),Withholding Tax(WHT),Value Added Tax (VAT), and Employee Related Taxes(ERT).• Coordinating the filing of corporate tax returns for my client’s various legal entities across West and Central Africa.• Ensure timely compliance with all tax and regulatory matters affecting a Group of companies. • Estimating tax liabilities/exposures for the various companies/ businesses. • Facilitate the conversion of US GAAP TB to IFRS TB before statutory audit.• Prepare financial statements and statutory reports, ensure compliance with regulatory requirements and carry out financial analysis and review.• Identifying potential tax risk areas in relation to potential projects/transactions and recommending measures to mitigate against such risks. • Identifying and driving the successful implementation of various tax saving initiatives within the region such as obtaining a social security exemption for short term expatriate employees working in Ghana.• Tax advocacy on behalf of the downstream oil marketing industry. Developing a report on the sectors total tax payments highlighting their contribution to the revenue of the Federal Government, issues faced by the sector and request for changes to existing legislations.• Tax advisory on various matters• Responding to adhoc queries from tax authorities and other regulatory bodies • Resolution of tax audits across West Africa including Nigeria, Ghana, Equatorial Guinea and Congo.• Tax due diligence carried out on behalf of a multinational investment company on various target Nigerian companies Show less

• 

  The Coca-Cola Company

  Jun 2021 - Jun 2023

  Legal Entity Controller (West Africa)

  Overseeing compliance with US GAAP, IFRS and/or other local accounting regulations as well as Company accounting policiesCo-ordinate the completion, review and sign-off of the Annual Financial Statements with Regional Controller, Finance Director, Planning and Analysis Manager and external auditorsPrepare monthly legal entity Profit and Loss´ (P&Ls) and narratives and conducting quarterly legal entity balance sheets reviews.Ensure items highlighted at monthly Balance Sheet Risk and Opportunities meetings are addressed and acted upon within agreed timelinesManaging accounting and tax compliance of the legal entities in Nigeria, Ghana and other legal entities within West Africa Enforcing internal controls and Company policies, and continuously improving them to ensure smooth operations of the business.Review significant contracts, agreements and business processes for compliance and tax efficiency.Ensure proper documentation, communication and implementation of all relevant Company policies and procedures.Review of the monthly PAYE, VAT, withholding tax, deferred tax and corporation tax computations and related journal vouchers for posting into the ledger and prepare/review monthly tax returns and follow up for timely filing with, payment to and reconciliation with Self-Assessment Returns Tax audit resolution -this includes ensuring that all demand notices and queries are responded to within the statutory timeline Engage the corporate tax department on all tax issues arising and progress in resolving them.Periodic review of inter-company balances to ensure aged balances are cleared and transactions will not trigger any risks for the Company Ensure compliance with local Transfer pricing legislationSupport the quarterly Securities Exchange Commission (SEC) certification process for the Africa OU Show less

• 

  MultiChoice Group

  Jun 2023 - now

  Group Finance Manager