27-10-2023 (KUALA LUMPUR) In a recent development, Malaysia’s Finance Ministry has announced its decision not to eliminate the windfall profit levy imposed on the palm oil industry, according to a report from the state news agency Bernama.
The ministry has expressed its willingness to periodically review and study the prevailing tax rate and profit threshold levels. This decision was conveyed through a written parliamentary response from the finance ministry, as reported by Bernama on Thursday.
