Planters to urge Govt to repeal windfall levy


KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA), which represents the country’s plantation industry, will appeal to the Government to consider repealing the Windfall Profit Levy Act 1998.

Vice-chairman Boon Weng Siew said: “Our members consider the Act as a form of double taxation on planters as well as a deterrent to local and foreign investments in the stock market.”

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