Moody’s said from January 2013, Malaysia’s tax rate on CPO exports will be 4.5% to 8.5% of the price, down from its current rate of 22% to 23% of the price.
PETALING JAYA: Malaysia’s reduction of palm oil tax is seen as a positive move, according to rating agency Moody’s Investor Service.
Last Friday, Malaysia announced long-awaited rate reductions in its crude palm oil (CPO) export tax.
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