Prime Minister Sheikh Hasina has said the government has no plans to impose value added tax (VAT) on educational institutions, including private universities.
She made the statement while presiding over the meeting of the Executive Committee of the National Economic Council (Ecnec) on Tuesday at the NEC conference room in Dhaka.
“The prime minister unequivocally said no such step (imposition of VAT on private universities) will be taken. She thinks there is no need to impose VAT on education for the sake of its development,” Planning Minister AHM Mustafa Kamal said while briefing reporters after the meeting.
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He said Sheikh Hasina came up with the disclosure following the remark of Finance Minister AMA Muhith over the imposition of VAT on private universities.
The government will take VAT from private university owners, the finance minister had told reporters after a pre-budget discussion on Monday.
Mustafa Kamal, however, said all the participants agreed that VAT cannot be imposed on private universities.