Oil palm windfall profit levy threshold in Sarawak, Sabah to be increased to RM3,500, levy rates adjusted to 3pct

Oil palm plantation (file photo).

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KUCHING, Oct 29: The Federal government has agreed to increase the threshold value of the oil palm windfall profit levy for Sarawak and Sabah from RM3,000 to RM3,500 starting next year.

At the same time, Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said, the levy rates for Sarawak and Sabah will also be adjusted to three per cent like in Peninsular Malaysia.

“Furthermore, to support the oil palm industry, the government has allocated RM35 million to implement the Smallholder Oil Palm Replanting Stimulus Scheme and RM20 million to address anti-palm oil campaigns at the international level,” he said when presenting Budget 2022 at Parliament today.


Meanwhile, on defense and public order, Tengku Zafrul said the government will add eight General Operations Force control posts including in Pagalungan, Sabah and Temong Mura, Sarawak, to enhance the ongoing border security control by enforcement personnel.

Additionally, Telok Melano and Baleh were among four destinations identified for new immigration gateways, following the shift of Indonesia’s capital to Kalimantan and the opening of the Pan Borneo Highway Telok Melano section. — DayakDaily