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.