Sunday, October 16, 2011

TAXES FOR OIL PALM PLANTATION IN MALAYSIA

  1. Corporate Tax : 25 per cent
  2. MPOB Cess : RM11.00 per tonne CPO
  3. Windfall Profit Levy : 15 per cent above RM2,500 / tonne CPO in Peninsular ; 7.5 per cent above RM3,000 / tonne CPO in Sabah & Sarawak
  4. Foreign Workers Levy : RM590 / worker / annum
  5. Sabah Sales Tax : 7.5 per cent when CPO price is above RM1,000 per tonne
  6. Sarawak Sales Tax : 2.5 per cent when CPO price is between RM1,000 & RM1,500 per tonne ; 5 per cent when CPO price is above RM1,500 per tonne
  7. Sarawak Land Tax : RM5.00 / hectare / annum

Source : MEOA.

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