Plantation owners in Malaysia, the world’s second largest producer of palm oil, have been asking the government for years to reassess the tax rate and threshold for the windfall profit tax.Malaysia currently imposes a windfall levy of 3% on palm oil prices above RM3,000 per tonne in Peninsular Malaysia and above RM3,500 ringgit per tonne in Sabah and Sarawak, which are the largest palm oil producing states in the country.
* Follow us on Instagram and join our Telegram and/or WhatsApp channel for the latest news you don't want to miss.* Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available.
Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder: