DHAKA, Sept 28, 2019 (BSS) – Asian University for Women (AUW) has been
given value added tax (VAT) exemption for place and house rent for the sake
of expanding women education.
National Board of Revenue (NBR) in last week issued a Statutory Regulatory
Order (SRO) to this end saying, the AUW has been running by the foreign
finance without any intention of making profit.
Considering this aspect, the NBR under the section 126 of the VAT Act, 2012
has given the exemption to the AUW.
The AUW was established in 2006 in Chattogram with the aim of developing
leadership from the backward and underprivileged women in the Asia providing
higher education.