CPO windfall tax revision deemed inevitable


  • Business
  • Wednesday, 03 Sep 2008

PETALING JAYA: A revision in the newly imposed crude palm oil (CPO) windfall tax on plantation companies is inevitable, especially with the sharp correction in CPO prices on speculation that crude oil is likely to trend below US$100 per barrel for the rest of this year.

An immediate outcome of the potential revision will be the quantum of the revision itself, which will be decided by the Finance Ministry.

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