The National Board of Revenue (NBR) has awarded Brac Bank with a tax card for the tax year 2020-2021, recognising it as the 4th highest taxpayer in the banking sector category.
Internal Resources Division Senior Secretary and NBR Chairman Abu Hena Md Rahmatul Muneem handed over the tax accolade to Brac Bank Financial Controller Mohammad Abdul Ohab Miah, FCA, at the Officer's Club in Dhaka on Wednesday, said a press statement.
Finance Minister AHM Mustafa Kamal, FCA, MP and Brac Bank Head of Regulatory Reporting and Taxation Syed Bashir Ali, FCA, were present at the ceremony.
Commenting on the recognition, Brac Bank Managing Director and CEO Selim RF Hussain 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 standards."
"We aim to be a role model in tax compliance. We thank NBR for recognising Brac Bank with this honour. We attribute this honour to the trust and support bestowed on us by our valued customers, shareholders and investors," he added.