NBR awards BRAC Bank as one of the highest tax payers

Wednesday, 20 November 2019

The National Board of Revenue (NBR) has awarded BRAC Bank Limited with Tax Card on being the 5th highest tax payer in banking sector category, said a statement.

This is for the first time that BRAC Bank has received the Bangladesh Government's recognition on tax payment. Under the Large Tax Payer Unit of NBR, BRAC Bank has been on the one of leading contributors to the national exchequer.

BRAC Bank's Deputy Managing Director and CFO M Masud Rana, FCA, received the accolade from Senior Secretary, Internal Resources Division and NBR Chairman Md. Mosharraf Hossain Bhuiyan, NDC, at a ceremony of Tax Card for the year 2018-2019 at a city hotel in the city recently.

Finance Minister AHM Mustafa Kamal and Prime Minister's Economic Advisor Mashiur Rahman and senior officials of NBR were present.

Commenting on the recognition, BRAC Bank's Managing Director and CEO said, "Good governance, compliance, ethics and transparency are the pillars of our business model. Tax compliance has been one of our major goals as we strictly ensure local and international accounting standard. We aim to be a role model in tax compliance. And international credit rating by Moody's and Standard and Poors, major investment by overseas investors and consecutive recognitions from SAFA, ICAB and ICMAB bear testimony to our good governance and compliance standard. We are thankful to NBR for recognising BRAC Bank with this honour. We attribute this honor to the trust and support bestowed on us by our valued customers, shareholders and investors."