Govt to tax online educational institutions, academies 

The federal government okayed a proposal to impose tax on online private educational institutions and academies, reported 24NewsHD TV channel on Wednesday.

Federal Board of Revenue (FBR) Chairman Rashid Mehmood Langrial said that some online educational academies generating an income of Rs200 million monthly but avoid to pay tax.

He further said that if a teachers is earning money by teaching online then he will be brought under the tax net.

Earlier, the Punjab University Academic Staff Association (PUASA) has called for an urgent revision of federal and provincial higher education budgets to ensure the smooth functioning of universities across Punjab.

A meeting of the PUASA Executive Council was held at the committee room of the university club, presided over by President Prof Dr Amjad Abbas Khan Magsi.

The council expressed deep concern over the ongoing funding crisis faced by universities, as well as the proposed withdrawal of the tax rebate for university teachers. A resolution was unanimously passed, demanding that the Punjab government immediately revise the allocation of recurring grants for public sector universities in the province.

Despite rising inflation and growing institutional needs, the federal government has maintained the higher education recurring grant at Rs65 billion since 2018.

Reporter: Waqas Azeem