At least a third of the trustee board members of a private university will have to be academics, according to a draft amendment to the Private University Act-2010.
Private university owners urge PM to cancel 15% income tax thedailystar.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thedailystar.net Daily Mail and Mail on Sunday newspapers.
Owners of the private universities on Friday said the proposal of imposing 15 percent income tax on private universities in the proposed budget for 2021-22 fiscal year is unacceptable and it is against the Private University Act, 2010. Association of Private Universities of Bangladesh (APUB)
Private Universities: Imposition of 15pc tax goes against law
Says owners’ association Staff Correspondent Staff Correspondent
The proposed 15 percent income tax on private universities is unacceptable and contradictory to the Private University Act-2010, Association of Private Universities of Bangladesh (APUB) said yesterday.
A group of private university students also protested the proposal and gave the government time until June 10 to withdraw the proposal; otherwise they would wage a strong movement against the move.
While placing the budget for 2021-22 fiscal at the parliament on Thursday, Finance Minister AHM Mustafa Kamal proposed 15 tax on private universities, and private medical, dental and engineering colleges, including the ones offering IT education, in the new fiscal year starting July 1.
The allocation for the education sector in the proposed budget for 2021-22 fiscal year remains almost unchanged in terms of size and percentage of Gross Domestic Product (GDP) compared to the current 2020-21 FY. This has dealt a blow to the expectations of educationists that the size of allocation