CPO Export Needs to be Raised

The government needs to increase export levies for crude palm oil (CPO) products which are the raw material for cooking oil. Currently, the rate of levy or progressive tax is only limited to US$175 per ton.

This refers to the Minister of Finance Regulation (PMK) 76/2021 which provides a range of export levies between US$55 and US$175 per tonne. The tariff of US$175 per tonne refers to the provision that the CPO price reaches US$1,000 per tonne, after previously increasing it gradually to US$20 per tonne for CPO price increases of US$50 per tonne. With the current CPO price in the range of US$1,200 to US$1,250 per tonne, there is potential for an increase in levies of up to US$100 per tonne. This means that if there is no limit to the price calculation using US$1,000 per tonne, the CPO export levy could reach US$255 to US$275 per ton

|•SOURCE•| Articles :MEDIA INDONESIA | Image :JAKARTA POST |

READ MORE

|• NATIONAL •|Building New Economic City
|• INTERNATIONAL •|B20 Meeting Became Leap to Get Out
|• BANKING •|Help Two House Units in KAT Petung
|• TIPS AND WISDOM •|ACT AS IT IS
|• SOCIAL •|Free Booster Vaccines Old People Are