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19 Jul 2022 14:44
IN BRIEF: MP Evans sees Indonesian government eliminate export levy
MP Evans Group PLC - producer of Indonesian palm oil - Notes the recent announcement by the Indonesian government regarding changes to the palm-oil export levy. Says the revision eliminates the export levy completely, leaving only the export tax. It will be effective until August 31 and results in a reduced tax burden of between USD55 to USD240 per tonne, depending on the date and reference price. Notes that the Indonesian government will continue to charge a USD200 per tonne export tariff until July 31.
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