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Malaysia: Labour dept warns employers against salary cuts without prior approval

KUANTAN: The government has warned employers against making salary deductions without informing their employees or without prior approval from the Labour Department of Peninsular Malaysia (JTKSM). JTKSM’s labour standards division director Mohd Asri Abd Wahab said the department had received complaints of misappropriation of employees’ salaries without clear consent or reason. “Employers should honour the […]

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Philippines: Input VAT as income tax deductions

Should input value-added tax (VAT) or VAT passed on by a taxpayer’s supplier of goods or services be allowed as a deduction from income tax, if the claim for refund or tax credit was denied or disallowed? To answer that question, one has to understand the difference between income taxation and the imposition of VAT. […]

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Malaysia can exceed RM1t total exports target: Darell

KUALA LUMPUR: Malaysia is capable of exceeding the RM1 trillion total exports target this year, boosted by strong collaboration between various government agencies and private sectors, said International Trade and Industry Minister Datuk Darell Leiking. Last year, Malaysia according to him recorded RM998 billion in total export, about 0.2% short of surpassing the RM1 trillion threshold. […]

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Philippines: Government set to impose SRP on imported rice

MANILA, Philippines — The government will impose a suggested retail price (SRP) for imported rice as farmers sought intervention amid the continued decline in farm gate prices due to the liberalization of the industry. In an interagency meeting yesterday, the Departments of Agriculture, Trade and Finance, and the National Economic and Development Authority agreed to […]

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