Oil palm estate owners want unfair taxes suspended or abolished

"Based on 2019 production numbers and assuming CPO price sustains at RM3,200 per tonne, MEOA expects these taxes could balloon to RM 2.8bil a year,” it said.

KUALA LUMPUR: The Malaysian Estate Owners’ Association (MEOA) wants the government to either suspend or abolish the unfair taxes on the oil palm industry.

In a late statement issued on Monday, it cited the Windfall Profit Levy (WPL) on crude palm oil (CPO); 7.5% sales taxes in Sabah on sales of CPO; and 5% sales taxes in Sarawak on sales of CPO and crude palm kernel oil (CPKO).