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Move to revise Crude Palm Oil Tax
KUALA LUMPUR: The long overdue revision of Malaysia's crude palm oil (CPO) export tax policy which has been unchanged since the 1960s will likely take place by year-end or early next year, according to sources close to the industry.

Sources said the Plantation Industries and Commodities Ministry had last month submitted to the Cabinet several proposals including a fall-back plan to abolish the duty-free CPO export quota while seeking lower CPO export duty.

Later this month, the ministry and the Malaysian Palm Oil Board (MPOB) will hold consultation sessions with industry players, particularly local independent palm oil refiners affected by Indonesia's new palm oil export tax structure.
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Source : The Star
Date of  Publication : Thursday, 10 May 2012
Original Title : Move to revise crude palm oil tax
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