JOSEPH MUTURI MUNGAI
Nairobi
Summary
Experienced and results-driven Tax Manager with over 8 years of experience in tax planning, compliance, and management. Proven track record of minimizing tax liabilities, ensuring compliance with tax laws, and providing strategic tax advice to optimize financial performance. Highly skilled in managing complex tax matters, leading teams, and liaising with tax authorities.
Overview
10
10
years of professional experience
1
1
Certification
Work History
Tax & Audit Manager
Bon & Drew Associates-CPA (K)
09.2023 - Current
- Developed and implemented tax strategies that reduced tax liabilities by 90%, resulting in significant savings for our clients
- Managed complex tax audits and disputes with the Kenya Revenue Authority, achieving favorable outcomes for our clients
- Represented the clients at the IRO, ADR & TAT successfully resolving their tax disputes
- Reviewed tax returns (VAT, PAYE, MRI, Income Tax Company/Resident/Partnership, Advance Tax, Capital gains)
- Provided tax advisory services, ensuring optimal tax efficiency for our clients
- Monitored changes in tax legislation and advised senior management on the impact of regulatory changes on business operations
- Lead and manage audit engagements for a diverse portfolio of clients, ensuring compliance with relevant standards (e.g., ISAs).
- Plan audit procedures, allocate resources, and set timelines to complete engagements efficiently.
- Review audit workpapers, financial statements, and related documents to ensure accuracy and adherence to audit standards.
- Identify potential audit issues and propose solutions to mitigate risks.
- Communicate findings and recommendations to clients in a clear and professional manner.
Tax Accountant
MNC Consulting Group LLP-CPA (K)
01.2021 - 08.2023
- Researched the client business to establish their tax exposures
- Provided tax advisory as provided for by various legislations e.g. VAT Act, Income Tax Act, Tax Procedures Act, Tax Tribunal Act, etc.
- Assisted clients in preparing documents for tax audits
- Responded to the Commissioner’s tax findings
- Lodged objections against additional assessments as provided for by the Tax Procedures Act
- Representing & negotiating on behalf of clients at the Independent Review of Objections (IRO)
- Appealed against objection decisions at the Tax Appeal Tribunal as provided for by the Tax Procedures
- Represented & negotiated on behalf of clients at the Alternative Dispute Resolution mechanism (ADR) as provided for by the Alternative Dispute Resolution Framework
- Conducted Tax training e.g. TIMS/eTIMS training
- Prepared tax returns e.g. VAT withholding, Income Tax Company/Partnership
- Facilitated clients to lift agency notices
- Prepared financial statements as per IAS 1
Tax & Accounts payable officer
Centum Learning Ltd
07.2017 - 10.2020
- Invoice Processing: Receive, verify, and code invoices from vendors.
- Payment Runs: Execute weekly or bi-weekly payment runs via various methods.
- Expense Reimbursements: Process employee expense reports in line with company policy.
- Vendor Inquiry Resolution: Act as the first point of contact for vendor payment queries.
- Perform monthly reconciliations of AP sub-ledger to the general ledger and key vendor statements.
- Ensure invoices include appropriate tax charges.
- Identify payments to independent contractors, freelancers, or foreign vendors that are subject to withholding.
- Calculate and withhold the correct amount of tax as per Kenya tax laws.
- Reconciling Tax Accounts: Reconciling tax payable accounts (e.g., PAYE, VAT Control, Withholding tax) to ensure liabilities match remittances.
- Reporting: Providing analysis on vendor spend, tax liabilities, and cash flow requirements.
- Month-End: Accelerating invoice processing for the close, reconciling the AP sub-ledger, and calculating month-end accruals.
- Preparing and posting complex and standard journal entries, including for accruals, deferrals, and allocations
- Ensured all financial processes are in line with the organization’s policy and procedures
Consultant
CAP Youth Empowerment Institute
03.2016 - 06.2017
- Prepared monthly center budgets
- Reconciled customer payments against invoices
- Filed Withholding taxes
- Assisted in coordinating seminars and workshops
- Reconciled accounts payable and receivables
- Prepared financial statements (Balance sheet, Income Statement, Cash flow Statement & Statement of changes in equity)
Education
Bachelor of Commerce - Finance
University of Nairobi
Nairobi01.2012
Skills
- Advanced knowledge of Microsoft Excel, Word, and PowerPoint
- Draftworx & CaseWare
- QuickBooks, Sage & Pastel
- Knowledge of Tax Procedures Act, VAT Act, Tax Appeal Tribunal Act, Excise duty Act and Income Tax Act
- Knowledge of East Africa Community Customs Management Act 2004
- Knowledge of EAC Customs Union Common External Tariff
- Knowledge of International Accounting Standards (IAS)
- Knowledge of International Standards on Auditing (ISA)
Accomplishments
- I was able to assist Mbogo Valley Tea Factory (Kipchimchim Group of Companies Ltd) reduce an assessment by the Commissioner from Ksh. 388 million to Ksh.10.3 million.
- At the ADR I was able to assist the proprietor of Shell Awendo reduce a tax liability of Ksh.32 million to 2.1 million at the ADR.
- Gave tax advisory to organizations like Heifer Project International.
- I participated in the development of strategic plans for Lang’ata NG-CDF & Homa Bay county Assembly.
- I conducted a forensic audit for Cotec Security Group Ltd which led to the incrimination of the culprits.
Companies
Certification
Certified Public Accountant of Kenya (Graduate) – 2022
Timeline
Tax & Audit Manager
Bon & Drew Associates-CPA (K)
09.2023 - Current
Tax Accountant
MNC Consulting Group LLP-CPA (K)
01.2021 - 08.2023
Tax & Accounts payable officer
Centum Learning Ltd
07.2017 - 10.2020
Consultant
CAP Youth Empowerment Institute
03.2016 - 06.2017
Bachelor of Commerce - Finance
University of Nairobi
References
- James, Ndambiri, Managing Partner, ceondambiri@mncconsulting.co.ke, 0727810285, MNC Consulting Group LLP
- Harizon, Okumu, Head of Audit, harrisonokumu@bondrew.co.ke, 0741605038
- Samwel, Thambura, Chief Executive Officer, kiburithambura@gmail.com, 0722581932, Romkan Medical Centre
Key achievements
I was able to assist Mbogo Valley Tea Factory (Kipchimchim Group of Companies Ltd) reduce an assessment by the Commissioner from Ksh. 388 million to Ksh.10.3 million, At the ADR I was able to assist the proprietor of Shell Awendo reduce a tax liability of Ksh.32 million to 2.1 million at the ADR, Gave tax advisory to organizations like Heifer Project International, I participated in the development of strategic plans for Lang’ata NG-CDF & Homa Bay county Assembly, I conducted a forensic audit for Cotec Security Group Ltd which led to the incrimination of the culprits, I conducted external audits for Edmund Rice Orphanage Trust, Siaya Ufansi Sacco, Ack Diocese Maseno South, Uzima University, The Mango Tree Trust & Kipchimchim Group of Companies