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Forced To Absorb Cess May 19, 2008

Posted by wong jimmy in Oil Palm.
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1. ttt - June 7, 2008

besides sabah, sarawak also levied on state government tax on cpo, they charge 5%.

under the new scheme effect from 1 july 2008, COSS is replaced by new windfall tax, this is a good news for east malaysia.

summary
previous tax by sabah
1) COSS ,
(cpo market price-RM1500) x 2% , for every tonnes of ffb,
lets example , if cpo RM3500, then planter should be paid by RM40/tonnes ffb.
(i personally guess planter and miller could exaggerate the OER to dodge the tax?)

2) state government tax of 7.5% of cpo.

new tax by sabah
1. windfall tax
(cpo market price-RM2000) x 7.5% , based on cpo by tonnes.

2) existing.


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