Standard Chartered wins ‘most compliant large tax payer’ at the NRA Awards 2013
Freetown December 2012 – Standard Chartered Bank has won the National Revenue Authority Award for Most Compliant Large Tax Payer – organised by the National Revenue Authority (NRA).
The National Revenue Authority Award acknowledges the rapidly transforming tax landscape in Sierra Leone by honouring tax compliance excellence, and by creating local visibility for the best practices in business.
Standard Chartered was complimented by the awarder for outstanding leadership in the Most Large Tax Payer category, citing exemplary compliance in the following areas; timely and accurate filing of returns and prompt payment of taxes, full disclosure and access to all records and information, proactive, professional, technical and sound engagement with the NRA on tax matters; coupled with the Bank’s valued contribution to the national consolidated fund aimed at augmenting sustainable development in Sierra Leone.
This award was announced at a dinner in Freetown, attended by more than 300 leaders from the government and business community.
Commenting on the award, David Mansaray, Standard Chartered’s Executive Director of Finance & Admin & Chief Operating Officer, Sierra Leone stated: “This award is a tremendous honour. As an international bank in Sierra Leone, regulatory compliance is a core pillar of our corporate governance structure and we play a key role in using our skills and experience to provide thought leadership, in helping to address some of the issues which adversely impact economic development. We are committed to building a sustainable business over the long term and is trusted worldwide for upholding high standards of corporate governance, social responsibility, environmental protection and employee diversity.”
Standard Chartered continues to make a successful impact in being ‘Here for good’ in governance in Sierra Leone. The Bank’s economic contribution to Sierra Leone has been the culmination of over 118 years of sustained and increasing investment in the country.
The Bank is ‘Here for good’ and remains strongly committed to applying the highest level of international governance and risk management to all banking activities in Sierra Leone.
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