IWIRC Indonesia的动态

The Indonesian government has, with effect from Sept 21, 2024, abolished export tax rates based on a graduated scale and put into place a fixed 7.5 per cent export tax rate for CPO. The research house said with this change, Indonesian pure planters will be able to benefit from higher effective CPO prices. "While the edge that downstream refiners in Indonesia have would widen further, and Malaysia's competitiveness for downstream products would decrease," it said in a note. In general, RHB Research said all Indonesian planters should benefit from this change in tax structure, given the higher effective CPO prices achievable with the lower export duties, and the wider tax advantage downstream planters would have. This, it said, together with the revision in Domestic Market Obligation ceiling prices by 12 per cent to IDR 15,700/litre (from IDR 14,000) in mid-August, would help Indonesian planters record higher effective average selling price's (ASP). https://lnkd.in/gRYZZRTb

We await the release of the key parameters, eg: 1. Rate of carbon tax 2. Who exactly is covered 3. Projected trajectory of increase in the rate post-2026 4. Whether any exemptions will be given Certainly it makes sense for Malaysia to collect the carbon tax than for the EU to collect it under their CBAM. "KUALA LUMPUR (Oct 18): Malaysia plans to introduce a carbon tax on the iron, steel and energy industries by 2026 towards encouraging the use of low-carbon technology, said Prime Minister and Finance Minister Datuk Seri Anwar Ibrahim in his Budget 2025 speech. While no details of the mechanism are provided in the Budget speech, Anwar said on Friday proceeds from the tax will be utilised to finance green technology programmes and research." "Malaysia’s plans to implement a carbon tax by 2026 coincides with the commencement of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) definitive regime — a carbon tariff imposed on carbon-intensive products imported into the EU to equalise discrepancies in carbon prices globally. Under the CBAM, the export of carbon-intensive products — including iron and steel — from Malaysia will be taxed by the EU, unless Malaysia collects the tax." https://lnkd.in/gPnt-vTz

Estimated Indonesia Export Levy and Tax Rate Month: Aug 2024 CPO Reference Price: USD 820.35 Export Tax: USD 85 Export Levy: USD 33 Tax Bracket: No changes. Maintained at 4 (USD 780 - USD 830). Remaining Working Day(s): 1

Malaysia’s plans to implement a carbon tax by 2026 coincides with the commencement of the European Union’s (EU) Carbon Border Adjustment Mechanism (CBAM) definitive regime — a carbon tariff imposed on carbon-intensive products imported into the EU to equalise discrepancies in carbon prices globally. Under the CBAM, the export of carbon-intensive products — including iron and steel — from Malaysia will be taxed by the EU, unless Malaysia collects the tax.

Malaysia to introduce carbon tax for select industries by 2026 — PM Summary: Malaysia’s upcoming carbon tax, set to be introduced by 2026, marks a significant step towards promoting low-carbon technology and reducing emissions. Prime Minister Datuk Seri Anwar Ibrahim announced that the tax will initially target the iron, steel, and energy industries, aligning with global efforts to curb environmental pollutants. Proceeds from the tax will fund green technology programs and research, with the ultimate goal of pushing businesses and consumers to adopt cleaner practices to avoid the tax burden. The move positions Malaysia alongside Singapore and Indonesia, who have already implemented carbon pricing, and is part of a broader regional push, with Brunei, Vietnam, and Thailand also planning to introduce carbon taxes. This policy comes at a critical time, as the European Union’s Carbon Border Adjustment Mechanism (CBAM) will tax carbon-intensive imports unless equivalent carbon taxes are collected by exporting countries. Malaysia’s carbon tax is poised to help its industries avoid CBAM tariffs, especially for key exports like iron and steel. However, the country faces challenges with its heavily subsidized RON95 petrol, which contributes to emissions. Anwar signaled that targeted subsidies for RON95 will be introduced in mid-2025, marking a shift in the country’s approach to fuel pricing and emissions control. Key Points: Targeted Industries: Carbon tax to affect iron, steel, and energy sectors by 2026. Green Initiatives: Tax revenue will support green technology programs and research. Regional Context: Singapore and Indonesia have carbon pricing, while other ASEAN countries plan similar policies. EU CBAM: Malaysia’s carbon tax could help industries avoid tariffs under the EU’s Carbon Border Adjustment Mechanism. Fuel Subsidies: Malaysia plans to begin targeted subsidies for RON95 petrol in 2025. #Malaysia #CarbonTax #GreenTech #Sustainability #ClimateAction #ASEAN #CBAM #LowCarbonTechnology #FuelSubsidies #EmissionsReduction

?? New Indirect Tax Alert: Budget 2025! The Malaysia Budget 2025 brings exciting new tax updates with fresh opportunities for businesses on indirect t. This summary, prepared by Ms. Lim Nguan Lian, our Head of Client Relationship, highlights the most relevant updates on indirect tax. Sales & Service Tax (SST) ?? Basic food items remain tax-exempt ?? Higher sales tax for non-essential/luxury items ?? Service Tax expands to cover B2B services from 1 May 2025 Mastectomy Bras Tax Relief ?? Exemption from 10% sales tax ?? Application period: 1 Nov 2024 - 31 Dec 2027 Excise Duty on Sugary Drinks ?? New rate: RM0.40 per liter, effective 1 Jan 2025 Export Duty on Crude Palm Oil (CPO) ?? Duty raised to 10% if price > RM3,451/metric tonne, effective 1 Nov 2024 Windfall Profit Levy (WPL) ?? CPO threshold raised to RM3,150 (Peninsular) and RM3,650 (Sabah/Sarawak) Carbon Tax ?? Targeting iron, steel, and energy sectors by 2026 #Malaysiabudget2025 #taxbudget2025

The new tax cuts for exporters in Indonesia encourage the conversion of earnings to rupiah, aiming to boost foreign exchange supply. This move is in response to tight global liquidity and aims to increase the stability of the domestic U.S. dollar supply. The government's decision to tax interest gained from deposits at a lower rate and widen the choice of instruments for exporters will likely incentivize them to keep their earnings in domestic accounts. This strategy could lead to a significant increase in funds kept at Bank Indonesia, ultimately benefiting the overall economy. #indonesia #taxcuts #bankindonesia #foreignexchange #exporters

#China: From April 1, 2024, to March 31, 2025,?enterprises registered in the China (Shanghai) Pilot Free Trade Zone and the Lingang New Zone shall be exempted from paying stamp tax on contracts of sale and purchase for offshore trade business. Previously, offshore trading companies faced a 0.03% stamp duty on both purchase and sale contracts. This is the first preferential tax policy issued and implemented by China for offshore business, and the first trial in Shanghai means that China has taken a substantial first step in the exploration and practice of offshore tax system. #offshoretrade #ShanghaiFTZ

???????????????? ?????? ?????????????? ??????????: ?????? ?????? ???? ??????-?????????? ?????????????? ???? ?????????? ???????? ?????????????? ?????? ?????????? ???????????????????? The Ministry of Finance and the Revenue Department of Thailand have recently proposed a new tax scheme aimed at imposing Value-Added Tax (VAT) on all imported goods, including those?valued at less than 1,500 Baht. This policy shift seeks to address several challenges faced by small and medium-sized domestic businesses. As it stands, the international trade agreements stipulate that goods valued under 1,500 Baht are exempt from import duty and VAT to facilitate ease of commerce. However, the new draft bill, while maintaining the exemption from import duty, will impose VAT on these low-value imports. ?????????? ???????? https://lnkd.in/gs548jzx #VATReform #ThaiEconomy #LocalBusinesses #FairTrade #TaxPolicy #EconomicEquity #DomesticCommerce #ThailandFinance #SMESupport #GlobalTrade #VATOnImports #VAT #valueaddedtax #MahanakornPartnersGroup #MahanakornPartners #MPG

Budget 2025 - Indirect Tax (How Will These Changes Impact Your Industry?) Indirect tax refers to taxes collected by intermediaries (like retailers or manufacturers) from the end consumer who bears the tax cost. Unlike direct taxes, such as income tax, where the tax is paid directly by individuals or businesses based on their income, indirect taxes are embedded in the price of goods or services. Budget 2025 focuses on indirect tax reforms with several clear objectives: 1?? Sales & Service Tax (SST) ?? To boost revenue generation. 2?? Mastectomy Bras Exemption ?? To ease the financial burden on breast cancer patients. 3?? Excise Duty on Sugary Drinks ?? To promote health, supporting the “War on Sugar” campaign. 4?? Export Duty for Crude Palm Oil (CPO) & Windfall Profit Levy (WPL) on CPO ?? To stabilize and ensure sufficient supply in the palm oil industry. 5?? Carbon Tax ?? To encourage environmental responsibility. As Malaysia sharpens its focus on sustainable practices and sectoral support, businesses are presented with both new opportunities and responsibilities.