Muhith hell-bent on private university VAT despite student protests

no vat1

Finance minister Abul Maal Abdul Muhith on Friday reiterated that the Value Added Tax imposed on the private education services will not be withdrawn under any circumstance.

Speaking to reporters after attending a programme at Sylhet, Muhit said: ‘if the private university students can afford Tk 30,000 to Tk 50,000 as tuitions fees, why can’t they afford only seven per cent VAT?’

‘I don’t support their movements,’ he said.

The government in the budget for current fiscal year imposed seven per cent VAT on the tuitions fees of private universities, including private medical and engineering institutes.

Students of different private universities had been agitating against the decision and demanded that VAT must be withdrawn.

The High Court issued rule on August 9 asking the government to explain why the newly imposed tax would not be declared illegal.

Source: New age