• Tuesday, Dec 07, 2021
  • Last Update : 03:57 am

BAT Bangladesh named top taxpayer again

  • Published at 06:39 pm November 25th, 2021

In total, BAT deposited about Tk26,000 crore to the national exchequer, which accounts for about 10% of the total internal revenue of the government

The Large Taxpayers Unit (Income Tax) of the National Board of Revenue (NBR) has honoured British American Tobacco (BAT) Bangladesh as one of the top taxpayers of the country for the Tax Year 2020-21. 

The company was recognized for being the highest income taxpayer under the “Manufacturing - Others” category, reads a press release.

BAT Bangladesh received the award at a ceremony held at Officers’ Club in the capital on Wednesday. 

Finance Minister, AHM Mustafa Kamal was present as the chief guest at the ceremony alongside, Abu Hena Md Rahmatul Muneem, chairman of NBR, and Md Jashim Uddin, president of the Federation of Bangladesh Chambers of Commerce and Industries (FBCCI).

The award was received by Shehzad Munim, managing director of BAT Bangladesh, and Sheikh Shabab Ahmed, head of External Affairs of BAT Bangladesh.

In the tax year 2020-21, BAT Bangladesh deposited about Tk900 crore in income tax to the state coffers. 

On top of income tax, the company deposited around Tk25,000 crore to the national exchequer as VAT and supplementary duty (SD). 

In total, BAT deposited about Tk26,000 crore to the national exchequer, which accounts for about 10% of the total internal revenue of the government.

While receiving the accolade, Shehzad Munim said: "Any kind of recognition feels good. NBR is encouraging compliant companies who are following best practices in corporate governance and regulations. 

“This, in turn, is triggering a robust social revolution. BAT Bangladesh has been receiving this award for many years and hopefully, we will encounter fierce competition in the near future. I believe such initiatives from NBR will continue to motivate us and further produce more large taxpayers, propelling our economy to newer heights," he added.

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