ANNOUNCEMENT 01 Jan 2013

In January 2013, the government of Malaysia announced a change in export taxation.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

Malaysian Palm Oil Board, Economic & Industry Development Division: Export Duties 2013, January: http://bepi.mpob.gov.my/images/ExportDuties/01.%20EXPORT_DUTY_RATE_JAN_2013.pdf
Malaysian Palm Oil Board, Economic & Industry Development Division: Export Duties 2013, February: http://bepi.mpob.gov.my/images/ExportDuties/02.%20EXPORT_DUTY_RATE_FEB_2013.pdf
The Malaysian Federal Gazette, CUSTOMS (VALUES) (PALM OIL) ORDER 2013, P.U. (A) 20/2013 of 31 January 2013: http://www.federalgazette.agc.gov.my/outputp/pua_20130131_PERINTAH%20KASTAM%20(NILAI-NILAI)%20(MINYAK%20KELAPA%20SAWIT)%20%202013.pdf
World Trade Organization, Trade Policy Review Body, Trade Policy Review Report, Report by Secretariat, Malaysia, No. WT/TPR/S/292 of 27 January 2014, page 58-59: https://www.wto.org/english/tratop_e/tpr_e/s292_e.pdf
Government of Malaysia, Malaysian Palm Oil Board, Oil Palm Industry Economic Journal Vol 14 (2) September 2014, Impact of the New CPO Export Tax Structure on the Malaysian Refining Industry: http://palmoilis.mpob.gov.my/publications/OPIEJ/opiejv14n2-ayatollah.pdf

Inception date: 01 Jan 2013 | Removal date: 01 Mar 2013
Still in force

Export tax

On 1 January 2013, the export duty on crude palm oil was removed for the month of January following the introduction of a new export duty structure.

The new "Crude Palm Oil Export Duty Structure" was introduced by the Malaysian government on 1 January 2013. The export duty is set according to the prevailing FOB price of crude palm oil falling under HS code subheading 1511.10.100. A duty is applied on exports of the subject good when the price is RM 2,250 (USD 735.78) per tonne or above. The export duty ranges between 4.5% and 8.5% depending on the crude palm oil FOB price. The export duty on palm oil was 19.19% prior to January 2013.

On 31 January 2013, the Malaysian government issued P.U. (A) 20/2013 extending the duty-free period until the end of February.

AFFECTED SECTORS

 

AFFECTED PRODUCTS