Palm planters seek replanting tax incentive

MPOA chief executive Joseph Tek. - AZLINA ABDULLAH/The Star

KUALA LUMPUR: The Malaysian Palm Oil Association (MPOA) has called for government support in the form of a replanting tax incentive in efforts towards addressing the financial barrier to replanting old age palm trees nationwide.

The association is urging for the inclusion of oil palm replanting under the existing reinvestment allowance (RA) scheme and to allow 100% utilisation of RA against the plantation company’s statutory income, said its chief executive Joseph Tek.