Unpalatable situation: Imposing the SST on animal feed raw materials may increase production costs by up to RM170mil, which will eventually be passed down to consumers. — LOW BOON TAT/The Star
PETALING JAYA: The Association of Commodities Importers for Animal Feed Malaysia (ACiAFM) has urged the government to reconsider the imposition of the Sales and Service Tax (SST) on certain imported feed raw materials, reminding that the move will push up the cost of producing chicken, eggs and meat.
ACiAFM noted that 30% of raw materials, including soybeans, wheat pollard, canola meal and vitamin premixes to produce animal feed, are subjected to a 5% SST.
