tax legislation
Tax legislation applicable to a specific area of specialisation, such as import tax, government tax, etc.
Tax advisors use their expertise in tax legislation to provide commercially-focused advisory and consultancy services to a wide range of clients from all economic sectors. They explain complicated tax-related legislation to their clients and assist them in ensuring the most efficient and beneficial payment of taxes by devising tax-efficient strategies. They also inform them of fiscal changes and developments and may specialise in tax strategies concerning mergers or multinational reconstruction for business clients, trust and estate taxes for individual clients etc.
Competences and skills
42 ESCO relationsEssential knowledge 2 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
0 competencesNo competences in this bucket.
Cross-sector
2 competencesvalue-added tax law
Taxes imposed on the purchase prices of goods and the legislation that governs this activity.
Essential skills and competences 15 competences
Occupation specific
1 competencesign income tax returns
Revise, file, and act as a guarantee reference that the income tax returns are in order and according to the governmental requirements.
Sector-specific
2 competencesmanage personal finances
Identify personal financial objectives and set up a strategy to match this target in seeking support and advice when necessary.
secure sensitive customer's information
Select and apply security measures and regulations related to sensitive customer information with the aim of protecting their privacy.
Cross-sector
12 competencesadvise on tax planning
Advise on appropriate strategies to include taxes in the overall financial plan in order to reduce the tax load. Advise on questions related to tax legislation and provide advise on the possible implications that decisions in financial matters can cause in a tax declaration. Advise on questions concerning things such as the creation of a company, investments, recruitments, or company successions.
advise on tax policy
Advise on changes in tax policies and procedures, and the implementation of new policies on a national and local level.
calculate tax
Calculate the taxes which have to be paid by an individual or organisation, or paid back by a governmental institution, compliant with specific legislation.
disseminate information on tax legislation
Provide advise on the possible implications for companies or individuals on decisions regarding tax declaration based on tax legislation. Advise on the favourable tax strategies that could be followed depending on the needs of the client.
inform on fiscal duties
Inform organisations and individuals on their specific fiscal duties and the legislation and regulations involving fiscal processes, such as tax duties.
inspect tax returns
Inspect the documents which declare liability for taxation which is not automatically withheld from wages and salaries to ensure correct taxes are being paid by the liable individuals and organisations.
inspect taxation documents
Inspect files and documentation dealing with taxation cases to ensure no faulty or fraudulous activity is present, and to ensure the procedure is compliant with legislation.
interpret financial statements
Read, understand, and interpret the key lines and indicators in financial statements. Extract the most important information from financial statements depending on the needs and integrate this information in the development of the department's plans.
observe confidentiality
Observe the set of rules establishing the nondisclosure of information except to another authorised person.
prepare financial statements
Collect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting of five parts which are the statement of financial position, the statement of comprehensive income, the statement of changes in equity (SOCE), the statement of cash flows and notes.
prepare tax returns forms
Totalise all the deductible tax collected during the quarter or fiscal year in order to fill tax return forms and claim it back to the governmental authorities for declaring taxation liability. Keep the documents and records supporting the transaction.
research taxation procedures
Research the procedures which regulate taxation activities such as the procedures involved in the calculation of tax for organisations or individuals, the taxation handling and inspection process, and tax returns processes.
Optional knowledge 11 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
3 competencescommercial law
The legal regulations that govern a specific commercial activity.
international taxation of transfer prices
The requirements and regulations of the transfer prices of goods and services between legal entities, especially in an international setting.
legal department processes
The different processes, duties, jargon, role in an organisation, and other specificities of the legal department within an organisation such as patents, legal cases, and legal compliance.
Cross-sector
8 competencesaccounting entries
The financial transactions recorded in accounting systems or books of a company together with the metadata linked to the entry such as the date, the amount, the accounts affected, and a description of the transaction.
business management principles
Principles governing business management methods such as strategy planning, methods of efficient production, people and resources coordination.
cadastral taxation
The taxation legislation concerning real estate and real property's metes-and-bounds of a community.
civil law
The legal rules and their applications used in disputes between different parties.
fraud detection
The techniques used to identify fraudulous activities.
international financial reporting standards
The set of accounting standards and rules aimed at companies listed in the stock exchange which are required to publish and disclose their financial statements.
legal terminology
The special terms and phrases used in the field of law.
national generally accepted accounting principles
The accounting standard accepted in a region or country specifying the rules and procedures to disclose financial data.
Optional skills and competences 14 competences
Occupation specific
0 competencesNo competences in this bucket.
Sector-specific
0 competencesNo competences in this bucket.
Cross-sector
14 competencesadvise on efficiency improvements
Analyse information and details of processes and products in order to advise on possible efficiency improvements that could be implemented and would signify a better use of resources.
advise on financial matters
Consult, advise, and propose solutions with regards to financial management such as acquiring new assets, incurring in investments, and tax efficiency methods.
advise on legal decisions
Advise judges, or other officials in legal decision-making positions, on which decision would be right, compliant with the law and with moral considerations, or most advantageous for the adviser's client, in a specific case.
check official documents
Check an individuals' official documentation, such as driver's licenses and identification, to ensure compliance with legal regulations, and to identify and assess individuals.
collect tax
Collect the amounts due to be paid to the government by organisations and individuals, following the regulations and correct calculation, ensuring no one pays more or less than they are obligated to.
compile legal documents
Compile and collect legal documents from a specific case in order to aid an investigation or for a court hearing, in a manner compliant with legal regulations and ensuring records are properly maintained.
conduct financial audits
Evaluate and monitor the financial health, the operations and financial movements expressed in the financial statements of the company. Revise the financial records to ensure stewardship and governability.
develop taxation policies
Develop new policies dealing with taxation procedures based on prior research, which will improve the efficiency of the procedures and their influence on the optimisation of government revenue and expenditures, ensuring compliance with taxation legislation.
make strategic business decisions
Analyse business information and consult directors for decision making purposes in a varied array of aspects affecting the prospect, productivity and sustainable operation of a company. Consider the options and alternatives to a challenge and make sound rational decisions based on analysis and experience.
manage payroll reports
Maintain personnel records as well as payroll reports. Record evaluations, promotions or disciplinary actions.
negotiate in legal cases
Negotiate on the client's behalf during the treatment of a legal case in order to obtain the most beneficial outcome for the client, and to ensure that all decisions are compliant with legal regulations.
prepare financial auditing reports
Compile information on audit findings of financial statements and financial management in order to prepare reports, point out improvement possibilities, and confirm governability.
provide legal advice
Provide advice to clients in order to ensure that their actions are compliant with the law, as well as most beneficial for their situation and specific case, such as providing information, documentation, or advice on the course of action for a client should they want to take legal action or legal action is taken against them.
use consulting techniques
Advise clients in different personal or professional matters.