Govt to improve levy collection mechanism, review palm oil windfall profit threshold

Published on 3 Apr 2023 7:16:42 PM

When debating the Windfall Profit Levy (Validation) Act 2023 in Dewan Rakyat on Monday (April 3), Tanjung Piai MP Datuk Seri Dr Wee Jeck Seng proposed that windfall tax collected from the palm oil industry should be used to assist oil palm smallholders who are hard pressed.
Meanwhile earlier, Datuk Ngeh Koo Ham (PH-Beruas) proposed that the windfall tax against the palm oil industry be abolished as it was discriminatory against larger plantations that were already burdened with other forms of taxes.
Deputy Finance Minister Datuk Seri Ahmad Maslan, in his reply, said there would be no refunds of the windfall tax which had been collected, and the Act was passed by Dewan Rakyat through a majority voice vote.

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Keywords
news, palm oil industry, plantation, b40, smallholders, famers, dewan rakyat, parliament, windfall tax, wee jeck seng, tanjung piai mp, ahmad maslan, ngeh koo ham, beruas mp

Keywords:
news, palm oil industry, plantation, b40, smallholders, famers, dewan rakyat, parliament, windfall tax, wee jeck seng, tanjung piai mp, ahmad maslan, ngeh koo ham, beruas mp