Dhaka, June 29 -- The corporate tax rate for private universities in Bangladesh has been cut from 10 percent to 5 percent after parliament approved an amendment to the Finance Bill.

The proposal was passed by a voice vote during the budget session on Monday.

The reduced tax rate also applies to private medical colleges, dental colleges, engineering colleges and information technology-based educational institutions.

The tax rate for these institutions had previously been 15 percent.

The interim government reduced it to 10 percent for the 2025-26 fiscal year, and the current government initially proposed retaining that rate in its first budget.

Following demands from stakeholders, the government has now lowered it to 5 percent.

The pa...