Wednesday, 29 July 2015

Indonesia Palm Oil Export Tax System

Based on the latest news, the Indonesia Finance Ministry imposed export taxes on palm oil at all levels as follows:

(The above taxes had to be paid alongside the US$50 levy that came into effect this month too. For example, if cpo reference price is at $777, exporters pay $50 + $3 taxes.)

The above table is taken from Indonesia-Investments website.