Tax exemption augurs well for palm oil industry
KUALA LUMPUR: Covid-19 hit oil palm smallholders and companies can heave a sigh of relief overt a tax exemption provided under the National Economic Recovery Plan (Penjana) that was aimed at managing the country’s stock level and stabilise the crude palm oil (CPO) price. The government on Friday announced a 100 per cent exemption on […]
Malaysia zero-rates CPO export duty for June 2020
KUALA LUMPUR: Malaysia has reduced its export duty on crude palm oil (CPO) to zero for June 2020 from this month’s rate of 4.5 per cent, according to the Malaysian Palm Oil Board (MPOB) website. The tax was exempted for most of last year — from May 1 to Dec 31 — but it was reinstated at a rate of five […]
