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Cpa Shadrack Mwamakula is a seasoned tax professional with extensive experience in tax planning, compliance, and audit. He holds a Master of Business Administration (MBA) and a Bachelor of Commerce and Management (BCom) degree from the University of Dar es Salaam. Shadrack is a Certified Public Accountant (CPA) and a Registered Tax Consultant with the Tanzania Revenue Authority.

Credentials

  • Associate Certified Public Accountant(ACPA)
    National Board of Accountancy and Auditor(NBAA)
    Nov, 2011
    - May, 2026
  • Registered Tax Consultant
    TANZANIA REVENUE AUTHORITY
    Aug, 2020
    - May, 2026

Experience

    • Tanzania
    • Airlines and Aviation
    • 400 - 500 Employee
    • Head Tax and Treasury Unit
      • Sep 2018 - Present

      Provide direct support to the Senior Management in relation to tax matters.Ensure timeliness and accuracy of all required tax submissions to the Government.Coordinate and control the annual Tax plans and estimates processes for the Corporation. Assist in preparation and calculation of Taxation risks and opportunities for management reviews and actions. Coordinate with other departments on budgeting taxes on Operating and capital Expenses. Control operating expenses, account payables and employee related claims by ensuring that the related taxes are accounted for properly. Ensure that reports and Tax analysis are provided to the Management timely. Initiate the payments of Tax liabilities such as VAT, PAYE, and withholding Tax and ensure the necessary approvals.Review all Tax returns for accuracy, validity and completeness. Plan for Tax Audit and provide the required information and documentations for Audit reviews. Update Management on any new laws set by the government and make sure all the implications resulting from the changing laws. Regularly liaise with the Revenue Authority and Tax consultants for maintain work relationship and update new information related to tax. Train the other staff members on tax issues and delegate to team members, where necessary as part of succession plans

    • Senior Accountant -Taxation
      • Feb 2018 - Present

      Prepare Annual Statements of Accounts, and supporting schedules, assist Company Auditors with the annual audit of Company finances;Prepare Annual Budget and Strategic Resource Plan; Preparation and maintenance of Long-Term Financial Plan; Monitoring budgets against actual performance and reporting major variances to responsible Manager; Co-ordination of budget variation process; Identify and design reports to enable strategic decision making by the management team with a focus on transforming business areas; Develop reporting tools based on both financial and non-financial information for users across Company to enable Management to greater understand their operations. Prepare and distribute financial reports to internal and external customers. This includes monthly financial reports for use by Managers, the Monthly Financial Report to the Management Executive and Company Officer. Creation and implementation of new accounting systems and suggestions for improvements to the existing systems; Compile financial reports and returns to outside agencies, e.g., government agencies Provide staff training on financial applications Oversight of treasury functions including investment of surplus cash funds and loan portfolio management; Prepare accounting and acquittal statements for funding received by Company; Co-ordinate the asset revaluation process when required; Revision of relevant Policies including Company’s Investment and Procurement Policies; Ensure the General Ledger is appropriately maintained including management of relevant general journals entries where required; Conduct studies and analysis of financial matters as required; Oversee and assist with creditors, debtors, payroll and contracts as required.

    • Legal Services
    • 700 & Above Employee
    • Senior Internal Auditor-Internal Audit Dpt
      • Aug 2016 - Feb 2018

      Develop a flexible annual audit plan using appropriate risk-based methodology. Implement the annual audit plan as approved. Establish a comprehensive quality assessment and improvement program to ensure that the Internal Audit Department adds value to TRA operations Control Self-Assessment workshops, facilitating execution of the Authority’s strategies for enhancing ethics and integrity, process design, training, serving on task forces, committees and advisory services. To evaluate and assess significant merging/consolidating functions and new or changing services, processes, operations, and control processes coincident with their development, implementation, and/or expansion. To issue quarterly internal audit reports to the Commissioner General and to the Audit Committee summarizing results of the audit activities. To perform audit activities beyond assurance and consulting such as assisting in the investigation of significant suspected fraudulent activities within the Authority, and notify the Commissioner General and the Audit Committee of the results. To liaising with, and consider the scope of work of, the External Auditors, as appropriate, for the purpose of providing optimal audit coverage to the organization at a reasonable overall cost. To coordinating the implementation by Management, of the recommendations and directives given to it by the Parliamentary Accounts Committee (PAC), the Controller and Auditor General and other external auditors

    • Tax Officer -Large Tax Payer Department
      • Jan 2011 - Jul 2016

      To examine and Analyse Financial statements for issuance of adjusted assessment. To Supervise and capture final returns, provisional and revised estimates of Income Tax Act in TRA system called ITAX. To conduct desk and field audit to various taxpayer in the region. To examine and Analyze Financial statements Preparation of Audit plan Auditing of books of accounts and ensure compliance of tax laws in assessing and collecting government revenue Disputes and objections settlements Preparation of Final Audit reports. Monitoring, making follow up and collecting government revenue, Verify and process tax exemptions and relief To prepare management reports. To attend to taxpayers and stakeholder’s enquiries Clearance of Audit Queries Interpret and implement tax laws Coordination of all Head office management reports Prepare and coordinate strategies on how to enforce acquisition and usage of EFDs. Supervise tax collection to achieve the set target for the region. Submit weekly and monthly reports to Domestic Revenue headquarter.

  • MARIE STOPES TANZANIA
    • Dar es Salaam, Tanzania
    • Project and Financial Accountant
      • Jun 2008 - Jan 2011
      • Dar es Salaam, Tanzania

      Trade Debtors, Staff debtors and Creditors Management Reviewing of Payment vouchers, staff imprest retirements and booking of invoices with donor funding clarifications External communication with bank and developed a close link with banks Preparation of Monthly bank reconciliation. Donor report...

Education

  • 2013 - 2016
    University of Dar es Salaam (UDSM)
  • 2006 - 2009
    University of Dar es Salaam (UDSM)
  • 2003 - 2006
    Mbalizi Secondary School

Suggested Services

This profile is unclaimed. These are suggested service rates with 0% commision upon successful connection

Industry Focus. “Airlines and Aviation”

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