Sections

About

Get the app

Follow us on

Business

Crude palm oil export tax remains at 8% for Oct

Reference price of RM4,472.46 per tonne set for next month

Updated 4 years ago · Published on 20 Sep 2021 3:10PM

Crude palm oil export tax remains at 8% for Oct
The maximum tax rate is set at 8% when crude palm oil prices exceed RM3,450 a tonne. – Pixabay pic, September 20, 2021

KUALA LUMPUR – Malaysia maintained its October export tax for crude palm oil at 8%, a circular on the Malaysian Palm Oil Board website showed today.

The world’s second largest palm exporter calculated a reference price of RM4,472.46 per tonne for next month, up from 4,255.52 ringgit in September.

The export tax structure starts at 3% for crude palm oil in a RM2,250 to RM2,400 per tonne range. The maximum tax rate is set at 8% when prices exceed RM3,450 a tonne. – Reuters, September 20, 2021

Related News

Malaysia / 3d

Malaysia's July exports increase by 38.2 per cent

Malaysia / 3mth

No reports of insufficient food supply to date - KPKM

Notes / 3mth

Penang council confident of meeting assessment tax target this year

Opinion / 6mth

A UN tax convention is key to stopping offshore secrecy

Malaysia / 7mth

New market exports surge over 200 percent, focus now on Central Asia, Africa

Opinion / 10mth

A tale of two administrations: How Warisan and GRS shaped Sabah’s future

Spotlight

Anwar unveils six measures for Malaysians ahead of Merdeka

By Alfian Z.M. Tahir

Malaysia

Xavier Jayakumar warns racial, religious politics could erode Malaysia’s unity

Malaysia

DOE: Close schools, kindergartens if API tops 200

Malaysia

WhatsApp messages help rescue of two brothers lost in Bukit Putus

Malaysia

King grants audience to Anwar, briefed on Merdeka Day preparations

Opinion

Merdeka: This is our Malaysia – and you will not take it from us

By Vinod Sekhar

World

Covid-19 fears return in South Korea as mask, test kit sales surge

World

91 Malaysians still unaccounted for after Nepal-China floods