SAWIT: Malaysia keeps CPO export tax at 8% in November
KUALA LUMPUR (Oct 14): Price for crude palm oil (CPO) has been gazetted at RM3,575.80 a ton, which incurs the maximum export tax of 8%, according to a statement from the customs department posted on the Malaysian Palm Oil Board's website.
The CPO export tax has been kept at 8% since January 2021.
Malaysia's CPO export duty structure starts at 3% when free-on-board prices for CPO are in the RM2,250-RM2,400 per ton range.
The maximum tax rate is 8% when CPO prices are above RM3,450 per ton.
https://www.theedgemarkets.com/article/malaysia-keeps-cpo-export-tax-8-november
Sumber: The Edge Markets