Area
Malaysia
Commodity Group
Oilseeds, oils and meals
Commodity
Oil palm
Date
01/10/2018
Policy Category
Other
Policy Instrument
Tax policy
Description
Removed under the countrys newly introduced sales and service tax regime the Goods and Service Tax on locally produced fresh oil palm fruit branches, with the aim of protecting the interests of the domestic oil palm industry.
Notes
Government officials informed that, under the countrys newly introduced Sales and Service Tax (SST) regime, oil palm growers will not be subject to taxation. As opposed to the previous taxation scheme, where a Goods and Service Tax (GST) was levied on both locally produced and imported fresh oil palm fruit branches (FFB), the SST will only be collected on imported FFB, so as to protect the interests of the domestic oil palm industry.
