Taxes

Starting from August 1, 2018, the government replaced the Goods and Service Tax system with the Sales and Service Tax. In this updated system, petroleum products such as gasoline and diesel, along with palm methyl ester, are not subject to taxation.

Moreover, crude palm oil (CPO), palm cooking oil, palm kernel oil, and palm wax are encompassed within the system but are exempt from taxation.

The government implements export duty for CPO at a progressive rate depending on the market price of freight-on-board (FOB) CPO. The table below shows CPO export duty rate from January 1 - 31, 2024.