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Inland Revenue Act No. 24 of 2017 to be revised
The Cabinet of Ministers approved the proposal submitted by the President in his capacity as the Minister of Finance, Policy Planning and Economic Development to introduce a self statement for all domestic depositors with an estimated revenue not exceeding rupees 1.8 million per annum to release them from recovering retention tax on interest and amend the Inland Revenue Act No. 24 of 2017 including appropriate amendments for making compulsory of furnishing the Tax Identification Number (TIN) for opening all sorts of bank accounts.
[Legal provisions to increase the retaining tax rate from 5% to 10% have been introduced by the Inland Revenue (Amendment) Act No. 2 of 2025 with effect from 01.04.2025. As a result, retention tax is charged even from individuals with an income less than Rupees 1.8 million which is the annual revenue limit to recover tax from. As such depositors and low income earning individuals are apparently facing inconvenience, it has been proposed to introduced a methodology to present a self declaration by the individuals with an income lower than the tax free margin].
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President scheduled to attend a meeting with representatives of Germany’s Tourism and Travel Industry Associations and Association of German Chambers of Industry and Commerce today
President Anura Kumara Disanayake who is on an official visit to the Federal Republic of Germany, is scheduled to attend a meeting with representatives of Germany’s Tourism and Travel Industry Associations at the Waldorf Astoria Hotel in Berlin today (13).
Following this engagement, the President will participate in a Business Forum organised by the Association of German Chambers of Industry and Commerce (DIHK), to be held at its headquarters in Berlin.
President Disanayake is also expected to hold bilateral discussions this afternoon with Germany’s Federal Minister for Economic Cooperation and Development, Ms Reem Alabali-Radovan, at the Waldorf Astoria Hotel.
In the afternoon, the President is further scheduled to meet with members of the Sri Lankan community residing in Germany.
Accompanying the President on this official visit are Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath and a delegation of senior government officials, all of whom will participate in these engagements.
Bangladesh Cricket Board on Thursday (June 12) announced Mehidy Hasan Miraz as the new ODI captain, replacing Najmul Hossain Shanto, “for the next 12 months”. The surprising decision comes less than a month ahead of three-match ODI series in Sri Lanka, scheduled to begin on July 2.
Shanto, who recently stepped down from T20I captaincy in order to concentrate on his batting, was all set to continue as ODI captain though the board think-tank felt otherwise.
“The Board felt that Miraz’s consistent performances with the bat and ball, his ability to fight and inspire the team and his energetic presence on and off the field make him an ideal candidate to lead the ODI side during a transitional time,” Chairman of BCB’s Cricket Operations Committee Nazmul Abedeen said. “We believe he has the temperament and maturity to take Bangladesh forward in this format.
“We take this opportunity to thank Shanto for the positivity and character he has demonstrated as captain. He remains very much a part of the leadership group and we know how important his batting is to the team.”
With 1617 runs and 110 wickets in 105 ODIs, Miraz is currently ranked No. 4 among allrounders in the ICC ODI rankings – the highest for any Bangladeshi player. He is also a part of the elite club – comprising Mohammad Rafique, Mashrafe Bin Mortaza, and Shakib Al Hasan – who have achieved the 1000 runs and 100 wickets double in the 50-overs format at the highest level.
“It is a huge honour for me to be entrusted with this responsibility by the Board,” Miraz said in a statement released by the BCB. “Leading the country is a dream for any cricketer and I am grateful for the confidence the Board has shown in me.
“I have every faith in this team. We have the talent and the belief to play fearless cricket. I want us to perform with confidence, play without inhibition and continue giving our best for the country.”
Mehidy has previously led the national side in four ODIs in Najmul’s absence.
With this move, the BCB has once again reverted to different captains for different formats, a formula they followed earlier when Tamim Iqbal led the ODI side while Mominul Haque and Mahmudullah captained in Tests and T20Is respectively. Currently Najmul is leading the country in the longest format, while Litton Das is the T20I skipper.
Shanto, who scored 1565 runs averaging 34.77 in 49 ODIs including three centuries and 10 fifties, made 564 runs in 13 ODIs that he captained in, averaging 51.27. He lost nine games and won four during his tenure as Bangladesh’s ODI captain.
Israeli military says it launched a wave of strikes against Iranian military and nuclear sites in a major escalation against Tehran.
An unnamed Israeli military official has told the Times of Israel newspaper that it has carried out five waves of strikes on targets across Iran. Hundreds of strikes have been carried out in total, with at least eight locations targeted.
Israel’s Prime Minister Benjamin Netanyahu says the military operation will continue as long as necessary
Iran’s Islamic Revolutionary Guard Corps eulogises its slain chief Hossein Salami who was killed by Israel, saying that he was at the “forefront” of defending the country.
“Despite this brutal crime, the noble and revolutionary nation of Iran, is assured that the Islamic Revolutionary Guard Corps command with authority and intelligence, along with other armed forces and fighters of the Islamic nation, is ready to respond decisively to the violations of the Zionist enemy,” the IRGC said in a statement.
[Aljazeera}
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President scheduled to attend a meeting with representatives of Germany’s Tourism and Travel Industry Associations and Association of German Chambers of Industry and Commerce today
Mehidy Hasan replaces Najmul Hossain as Bangladesh ODI captain
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