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General : Tax Deduction Approval For IOT Not Automatically Granted - IRB

KUALA LUMPUR, Sept 9 (Bernama) -- Tax deduction approval under Subsection 44(6) of the Income Tax Act (ITA) 1967 is not automatically granted to any Institution, Organisation, and Fund (IOF), but must instead be applied for and evaluation based on criteria set by the Inland Revenue Board of Malaysia (IRB).

We haven't written up this one. Bernama has the full story — the link below goes straight to it.

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POSCO Union Launches First Strike in Company History Over Wage Dispute

POSCO workers have launched the first strike in the steelmaker’s history after labor and management failed to narrow their differences over wage negotiations.The POSCO labor union, affiliated with the…

  • POSCO experienced its first-ever strike on September 9, 2023.
  • Labor union demanded a 7.1% wage increase, management proposed 2%.
  • Strike involved about 1% of the unionized workforce of 17,000.

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