Trade and markets
 

Detail

Area
Indonesia
Commodity Group
Oilseeds, oils and meals
Commodity
Palm oil
Date
01/06/2013
Policy Category
Trade
Policy Instrument
Export tax
Description
Continued implementation of sliding export tax regime.
Notes
INDONESIA / MALAYSIA – palm oil exports tax: Reflecting recent reductions in international benchmark prices, in Indonesia the tax collected on crude palm oil exports has been set at 9% for both May and June, compared to 10.5% applied in the two preceding months. The tax for refined oil and refined olein has been fixed at, respectively, 0% and 3%. By contrast, Malaysia’s tax on crude palm oil shipments will remain unchanged at 4.5% for the fourth consecutive month. The change in the exports tax pattern could favour Indonesian exports over those of Malaysia.