Govt will not abolish palm oil industry's windfall profit levy - MoF

KUALA LUMPUR: The government does not intend to abolish the windfall profit levy (WPL) on the palm oil industry at the moment, said the Ministry of Finance (MoF).

However, the ministry said the government is always open to studying the method of imposing this levy, including the levy rate and profit threshold level to take into account the industry's survival and the cost of palm oil production from time to time.