SMC Enterprise Ltd (SMC EL) has been honored by the National Board of Revenue (NBR), Government of Bangladesh (GoB) for being one of the highest VAT-paying firms in manufacturing sector under District category. The NBR honored the companies at a gala event in the Bangabandhu International Conference Centre in Dhaka on December 10, 2019. Mr. Abul Bashir Khan FCMA, Chief Financial Officer of SMC EL, received the award on behalf of his organization from the Hon’ble Finance Minister, GoB, Mr. A H M Mustafa Kamal FCA, MP at the ceremony. The award consists of a Crest and a Certificate. The NBR has honored firms based on 2005 VAT policy that states that a firm would qualify if it pays 10 percent higher VAT than the previous fiscal year and has no tax dispute, pending cases or any tax and bank loan default. Introduced in July 1991, the Value Added Tax (VAT) has become the biggest contributor to the National Exchequer and this was consecutively for the 14th year NBR honored the highest VAT-paying firms in an effort to increase the revenue collection.