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Owners of the private universities on Friday said the proposal of imposing 15 percent income tax on private universities in the proposed budget for 2021-22 fiscal year is unacceptable and it is against the Private University Act, 2010. Association of Private Universities of Bangladesh (APUB)
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.
Private universities owners' association today said the proposed 15 percent income tax on private universities was unacceptable and contradictory to the Private University Act, 2010. Proposal of 15 percent income tax on private universities has created concern among all stakeholders, including students and their guardians, Association of Private Universities of Bangladesh
At a preparatory meeting for ULAB s planned virtual convocation, I suggested that we use the iconic image of Keanu Reeves dodging many bullets in the
Matrix trilogy as our promotional campaign. After all, our motto this year is against all odds , which chimes with Reeves ( Neo in the movie) slo-mo tackling of a flurry of bullets. The pandemic has made us take shelter in a virtual world as we try to protect ourselves from the multifrontal attack of the ever-evolving virus. Everyone laughed, and my suggestion was nothing more than a glitch in the system just like déjà vu is a glitch in the matrix the simulated reality that makes humanity unaware that artificial intelligence has actually taken over the world. Not everyone shares their likings of the same movies; unfortunately, thanks to a global crisis, we all share the same predicaments.