BAT Bangladesh
NBR recognises BAT Bangladesh as top taxpayer
BAT Bangladesh has been recognised as the top taxpayer for the 2022-2023 fiscal year by the Large Taxpayers Unit (LTU) of the National Board of Revenue (NBR).
The company, contributing an amount of Tk 1,352 crore as Corporate Tax to the national exchequer, received recognition for being the highest taxpayer for the fiscal year 2022-23,said a press release.
Bhumi-Pedia will be a reliable digital tool for landowners: Land Secretary
On Wednesday, the LTU organised a ceremony at the NBR office, Agargaon, where the chief guest was Syed Mohammad Abu Daud, Member - Tax Administration and Human Resource Management, NBR. The function was presided over by Md. Iqbal Bahar, Tax Commissioner, LTU, Dhaka.
BAT Bangladesh’s Company Secretary - Mr Azizur Rahman FCS, Area Head of Corporate Finance - Nashva Bint Hamid and Assistant Manager, Fiscal Affairs - Baizid Haque Joarder received the accolade on behalf of the company.
‘Upstream countries avoid downstream nations in South Asia for fairer water sharing’
After receiving the recognition as the top taxpayer, Md. Azizur Rahman said, “BAT Bangladesh fully complies with the laws and regulations of the Country, maintains complete transparency and pays taxes on time. In order to build a Smart Bangladesh, we strongly believe we can play a pivotal role as a significant partner in the country's development in the coming years."
9 more wells to be drilled in Bhola to expedite local gas production: Nasrul Hamid
BAT Bangladesh contributed approximately Tk 31,507 crore in the forms of Value Added Tax (VAT), Supplementary duty (SD), Corporate Tax, Import Duty and other duties during the said fiscal year.
BAT Bangladesh keeps topping NBR honours chart
The National Board of Revenue (NBR) Wednesday honoured British American Tobacco (BAT) Bangladesh with the highest income taxpayer award in the others (company) category for 2021-22 fiscal.
The company earned recognition for nine successive years.
NBR conferred the award to BAT Bangladesh during an event in Dhaka; Finance Minister AHM Mustafa Kamal was the chief guest.
Golam Mainuddin, chairman of BAT Bangladesh, received the award.
Read more: BAT Bangladesh scoops up ACES Awards 2022 as 'top sustainability advocate'
"We are humbled to receive the highest taxpayer award again, and as always, we feel proud to have contributed to the development of the country's economy as we sincerely believe the contribution to the national exchequer plays a crucial role in keeping the wheels of the economy running and an essential part of the country's growth journey," Mainuddin said.
During the aforementioned fiscal year, BAT Bangladesh contributed approximately Tk28,280 crore to the government exchequer through VAT, supplementary duty, income tax, and other means, the multinational corporation said.
BAT Bangladesh scoops up ACES Awards 2022 as 'top sustainability advocate'
British American Tobacco Bangladesh (BAT Bangladesh) has won the Asia Corporate Excellence and Sustainability (ACES) Awards 2022 as a "top sustainability advocate."
The company has been honoured for its contributions to environment, social and governance (ESG) practices.
Since its investiture in 2014, the ACES Awards, initiated by the MORS Group, has grown to become "one of the most sought-after accolades in Asia."
Read: BAT Bangladesh chairman Golam Mainuddin gets lifetime service award
In honouring the ingenious innovation, capabilities and resilience of the industry trailblazers, ACES has specially handpicked the creme de la creme corporations as the award recipients for its ninth edition.
All award recipients fulfilled a stringent evaluation and judging process spanning over nine months which required various documentation submissions and finalist interviews.
"As a sustainability champion, BAT Bangladesh has demonstrated how the implementation of long-term sustainability strategies allows businesses to capture opportunities and shape their post-pandemic future, where survival alone is not enough." Shanggari B, CEO of MORS Group, said in a statement.
Read: BAT Bangladesh scoops up ‘ICMAB Best Corporate Award’ for sixth time
BAT Bangladesh Managing Director Shehzad Munim said: "It fills us with immense pride to have won this global award for two consecutive years. Such recognition exemplifies our dedication to collaborating with communities and stakeholders to create a better tomorrow."
"For 112 years, BAT Bangladesh has prioritised sustainability in its operations. Unnecessary single-use plastic elimination, zero-waste-to-landfill, water recycling, and carbon neutrality are the company's ESG goals. By 2030, the company aims to have carbon-neutral operations with 100 percent renewable electricity and net-zero emissions across its value chain by 2050," according to a statement.
Bangladesh recognises the severity of the water crisis and acknowledges its responsibility in ensuring good water governance across all levels of the organisation.
Read More: Islami Bank scoops up ICMAB Best Corporate Award
In 2022, BAT Bangladesh became the first company in the country to receive Alliance for Water Stewardship (AWS) core certification for its Dhaka factory and Green Leaf threshing plant in Kushtia.
The company said it has educated farmers on sustainable agricultural methods to improve soil fertility, preserve water, and minimise pollution. Under its ESG endeavour, the nation's largest private sector-driven afforestation programme has provided beneficiaries with 120 million free saplings.
BAT Bangladesh scoops up ‘ICMAB Best Corporate Award’ for sixth time
BAT Bangladesh secured the ICMAB Best Corporate Award-2021 (gold) under MNC Manufacturing Category for the sixth consecutive time.
The Institute of Cost and Management Accountants of Bangladesh (ICMAB) awarded the prize for their outstanding performance at a function at InterContinental Dhaka in the capital on Thursday (December 01, 2022).
Minister for Commerce Tipu Munshi handed over the award to its Chairperson Golam Mainuddin and Managing Director Shehzad Munim at the programme where Senior Secretary to the ministry of Commerce Tapan Kanti Ghosh was also present.
Read more: BAT wins Bangladesh Innovation Award for SDG Inclusion
Professor Shibli Rubayat-Ul-Islam, chairman of Bangladesh Securities and Exchange Commission (BSEC) and Md Jashim Uddin, president of FBCCI were also present as special guests there.
Along with the government officials, many entrepreneurs, business elites of the country and top executives of different companies were present in the ceremony as honourable guests.
The ICMAB National Award is given every year to recognize the invaluable contribution made by the corporate entities in different sectors of the national economy and to encourage increased competitiveness for efficiency.
Read more: PM to provide prize money for all SAFF Champion footballers, houses based on need
BAT contributes to govt's Labour Welfare Fund
British American Tobacco (BAT) Bangladesh on Sunday donated Tk 9.15 crore to the Labour Welfare Fund under the Ministry of Labour and Employment.
BAT Bangladesh has been regularly contributing to this fund since the introduction of the Bangladesh Workers Welfare Foundation Act, according to a press release.
On behalf of BAT Bangladesh, a four-member delegation comprising Head of Human Resources Department of BAT Bangladesh Saad Jasim, Head of External Affairs Sheikh Shabab Ahmed, company’s two other high officials Adrita Dutta and Akhtar Anwar Khan handed over the cheque to State Minister for Labour and Employment Begum Mannujan Sufian in the conference room at the Secretariat.
During the programme, Labor and Employment Secretary KM Abdus Salam, Director General of Bangladesh Workers Welfare Foundation Mollah Jalal Uddin NDC and other officials were also present amongst others.
BAT Bangladesh has been working as a partner of the Government's initiative for more than 110 years. In the past 10 years, BAT Bangladesh has so far contributed a total of Tk 58.15 crore to the fund.
Since the Labour Welfare Fund was formed, BAT Bangladesh has been donating a portion of their profit regularly to the fund as a responsible organization. BATB has solely contributed 15 percent of the total accumulated Welfare Fund.