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MALAYSIA TAX UPDATES : MAY 2019

Malaysia keeps June crude palm oil export duty at zero percent Malaysia kept its export duty on crude palm oil for June unchanged at zero percent. Malaysia, the world’s second-largest producer of palm oil, calculated a palm oil reference price of 2,018.76 ringgit ($484.2) per tonne for June. Any price above 2,250 ringgit incurs a duty. The Southeast Asian Nation in May had announced it would defer the imposition of export duties on crude palm oil to Dec. 31 in efforts to boost palm oil exports and expand into new markets. Source : Media Report Malaysia sugar tax: Carlsberg promises no price hikes for bikes for beers and 'minimal' impact on other brands. Carlsberg Malaysia had raised its prod

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