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VAT withdrawn from education

14 September,2015

RTNN News Desk: The government has withdrawn 7.5% VAT imposed on tuition fees on private universities, medical and engineering colleges.

Finance Ministry has issued a press release in this regard on Monday afternoon.

The press release, signed by Senior Information Officer Md Shahedur Rahman, reads: "The government does not want to create any interruption at educational institutions and sufferings in public life. Considering the issue, the government has decided to withdraw the 7.5% VAT imposed on private Universities, medicals and engineering colleges."

It stated that the government hopes the private university students will go back to their universities calling off their movement.

The development came following the prime minister's direction in the morning to withdraw the VAT.

Earlier in the morning, Bangladesh Chhatra League, student wing of ruling Awami League, called upon the prime minister to withdraw the VAT imposed on private universities.

BCL president Saifur Rahman Sohag made the call in a press conference held at Modhur Canteen in Dhaka University.

The government had slapped 7.5% VAT on private universities, and medical and engineering colleges for fiscal year 2015-16.

Private university students had been staging protests demanding the withdrawal of the VAT since it was first proposed under the budget for the ongoing fiscal year. The protesting students blocked key city roads, triggering untold sufferings to commuters.

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