Finance Minister AMA Muhith yesterday said VAT money would be needed to construct more schools and colleges at upazilla level across the country.
The minister justified the imposition of 7.5% Value Added Tax (VAT) on the tuition fees of private universities while attending an award giving ceremony of a debate competition titled Debate for Democracy and More Investment Needs in Education Sector for Sustainable Development. ATN Bangla, a local TV channel, hosted the programme in the city yesterday.
In his address as the chief guest, Muhith said: “We have imposed VAT on private universities, not the students.”
Students of private universities should be aware that private university authorities do not impose any VAT on their tuition fees, added Muhith.
The minister said a private university student spends Tk1,000 per day.
Besides, attending a different seminar yesterday, the finance minister said: “We will construct warehouses in former USSR countries now named as Commonwealth Independent Countries.”
He was speaking at the seminar titled Third Export Destination of Bangladesh’s Items in Russian and CIS Countries at the Westin Hotel jointly organised by Bangladesh Chamber of Commerce and Industries and Bangladesh Foreign Chamber of Commerce of Industries.
