Palm oil companies in the country said Thursday that the export regulation on crude palm oil (CPO) export was too tight and often influenced CPO prices.
"We have to pay 25 percent in tax for exporting CPO. The tax has raised the price of CPO," Bakrie Sumatera Plantation President Director Ambono Janurianto told participants at the Indonesia Palm Oil Conference in Bali on Thursday.
The exporters have to pay between 0.5 percent and 25 percent for tax.
He said the high CPO tax had prevented businessmen from exporting more CPO.
"We expect the government will pay attention to this tax regulation and give proper profit margin for CPO export," Ambono said.
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