PUTRAJAYA (Sept 20): The Malaysian Government is considering the oil palm sector's tax policy suggestions, which include double deduction for companies, which promote industry sustainability. Speaking to reporters today, Plantation Industries and Commodities Minister Datuk Seri Mah Siew Keong said the Government was also evaluating suggestions on crude palm oil (CPO) tax. Mah said industry players had proposed the introduction of double-tax deduction for companies, which cooperate with the Government to increase sustainability of the oil palm industry. Mah said the ministry would consider inputs from the dialogue, as the Government prepared for Budget 2017. Today, Mah said he could not provide details on the Government's planned oil palm sector tax policy, as tax structures for the upstream and downstream segments were different.

Source: The Edge Markets September 20, 2016 06:00 UTC