THE government under Budget 2022 has proposed to increase the threshold price for crude palm oil (CPO) windfall profit tax (WPT) structure for local plantation companies.
Local palm oil producers next year will be subject to a standardised 3% levy when CPO prices exceed RM3,000 per tonne in Peninsular Malaysia and surpass RM3,500 per tonne in Sabah and Sarawak.
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