CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Malaysia Announces Palm Oil Export Tax Rate For Sept

Malaysia Announces Palm Oil Export Tax Rate For Sept

by Mary Swire, Tax-News.com, Hong Kong

16 August 2017


Malaysia has decided to keep the crude palm oil export duty at 5.5 percent next month, despite higher Indian taxes on imports, which are expected to dent demand.

Malaysia levies export duty rates depending on the selling price of crude palm oil, as measured each month by the Malaysian Palm Oil Board. Despite a recent tax hike in India, which is a major consumer of Malaysian exports, the selling price has remained broadly level and therefore August's export duty rate of 5.5 percent will be carried forward from August, down one percent from July.

Palm oil prices have fallen considerably since the beginning of the year, and India's decision recently to hike tax on imported crude and refined edible oils to 15 percent is expected to further dent the industry's profitability.

TAGS: tax | India | Indonesia | Malaysia | trade

To see today's news, click here.

 






Close

Password Reminder

Please enter your email address to receive a password reminder.

 











Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »