KOTA KINABALU, Aug 8 — The Sabah state government said today it has collected some RM6.22 billion in sales tax from its crude palm oil industry from 2018 to this year. State...
KOTA KINABALU, Aug 8 — The Sabah state government said today it has collected some RM6.22 billion in sales tax from its crude palm oil industry from 2018 to this year.
In 2018, the state collected some RM845.36 million followed by RM 789.58 mil in 2019, RM 919.15 million in 2020, RM1.35 billion in 2021 and RM1.56 billion last year. “As one of the main contributors to state revenue, the revenue collected from the state sales tax on crude palm oil also greatly contributes to the physical, economic, and social development for the general well-being of the people in this state,” she saidThe sales tax on crude palm oil is imposed at a rate of 7.5 per cent.
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