ARTICLE

Insight

Windfall Profit Levy

  • Windfall profit levy threshold for crude palm oil prices to be increased from RM2,500 per tonne to RM3,000 per tonne for Peninsular Malaysia and from RM3,000 per tonne to RM3,500 per tonne for Sabah and Sarawak.

 

  • The tax rate for Sabah and Sarawak will also be raised to 3%, in line with the rate in Peninsular Malaysia, when prices exceed the threshold.
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Author(s)

Mohd Faried Jamil
Executive Director,

Tax


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