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VAT to be imposed on English medium schools only

The Supreme Court on February 13, 2017, ruled that the government cannot collect value added tax (VAT) from the students of English medium schools. However, on June 1, 2017, NBR says VAT will be imposed on the English medium schools for the fiscal year 2017-18. Star file photo

The government is going to impose value added tax (VAT) on English medium schools.

No VAT will be imposed on educational institutions except English medium schools for the fiscal year 2017-18, National Board of Revenue (NBR) said today.

There is no VAT on Bangla medium schools and government-approved English version schools that follow English textbooks published by the National Curriculum and Textbook Board.

Earlier on February 13, the Supreme Court ruled that the government cannot collect VAT from the English medium school students.

The government in fiscal year 2007-08 imposed 4.5 percent VAT on fees and services of English medium schools. In the budget for 2014-15, the rate was raised to 7.5 percent.

In 2010, the government had also brought the private universities under the VAT net (4.5 percent), but lifted it following days of student protest.

In the budget of 2015-16, the government decided to impose 7.5 percent VAT on tuition fees of private universities and medical colleges but it had to backtrack from the decision following massive student protests in September 2015.

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VAT to be imposed on English medium schools only

The Supreme Court on February 13, 2017, ruled that the government cannot collect value added tax (VAT) from the students of English medium schools. However, on June 1, 2017, NBR says VAT will be imposed on the English medium schools for the fiscal year 2017-18. Star file photo

The government is going to impose value added tax (VAT) on English medium schools.

No VAT will be imposed on educational institutions except English medium schools for the fiscal year 2017-18, National Board of Revenue (NBR) said today.

There is no VAT on Bangla medium schools and government-approved English version schools that follow English textbooks published by the National Curriculum and Textbook Board.

Earlier on February 13, the Supreme Court ruled that the government cannot collect VAT from the English medium school students.

The government in fiscal year 2007-08 imposed 4.5 percent VAT on fees and services of English medium schools. In the budget for 2014-15, the rate was raised to 7.5 percent.

In 2010, the government had also brought the private universities under the VAT net (4.5 percent), but lifted it following days of student protest.

In the budget of 2015-16, the government decided to impose 7.5 percent VAT on tuition fees of private universities and medical colleges but it had to backtrack from the decision following massive student protests in September 2015.

Comments

বাংলাদেশে ইসলামি চরমপন্থার জায়গা হবে না: ড. ইউনূস

বাংলাদেশে আর কখনো ইসলামি চরমপন্থার জায়গা হবে না বলে মন্তব্য করেছেন অন্তর্বর্তী সরকারের প্রধান উপদেষ্টা ড. মুহাম্মদ ইউনূস।

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