No VAT on private universities: PM

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private universities

MNA Education Desk: Prime minister Sheikh Hasina has said no VAT will be imposed on private universities. Planning Minister AHM Mustafa Kamal briefed the media about the premier’s directives after holding a meeting of the Executive Committee of the National Economic Council (ECNEC) today.

Quoting the prime minister, the planning minister, briefing reporters at the planning commission this afternoon, said, there is no need to slap VAT on the private universities now.

Yesterday, Finance minister AMA Muhith told reporters after a pre-budget discussion with newspapers and private television channels that VAT will be imposed on universities in the next budget, reported news agency.