Malaysian Planters Seek Review of Sabah, Sarawak Palm Oil Taxes

The government should review the price threshold of the State Sales Tax (SST) in Sabah and Sarawak due to the rising cost of palm oil production, according to the Malaysian Palm Oil Association, the country’s largest growers’ group.

• Production costs have increased over the years because of rising minimum wages and higher prices of fertilizer and fuel, among other drivers, chief executive Joseph Tek said at a meeting in Sabah
• The group’s proposal will “put right the tax threshold” to recognize the current cost structures, and will not change the present collection of SST that’s set against crude palm oil ...