Bangladesh Govt has no plan to impose VAT on private universities: PM

Prime Minister Sheikh Hasina today said the government has no such plan to impose Value Added Tax (VAT) on education including private universities, reports BSS.

Sheikh Hasina said this while chairing a meeting of the Executive Committee of the National Economic Council (ECNEC) held at the NEC conference room in the city’s Sher-e Bangla Nagar area.

“It’s the clear concept of the Prime Minister that for further flourishing and strengthening the education sector, there is no need to take such step (imposition of VAT on Private Universities). No such step will be taken,” Planning Minister AHM Mustafa Kamal said while briefing reporters after the ECNEC meeting.

He said the Prime Minister came up with the disclosure at the ECNEC meeting following the remark of Finance Minister Abul Maal Abdul Muhith over imposition of VAT on private universities.

Earlier on Monday night, Finance Minister AMA Muhith told reporters after a pre-budget meeting that the government will take VAT from private university owners.

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