Indonesia: New Indonesian Palm Oil Export Levy

A levy on palm oil exports will be created as the result of Indonesian regulations 24/2015 and 61/2015. The levy will be used primarily to fund biodiesel subsidies. Industry contacts note that the levy is intended to help increase Indonesia’s domestic CPO consumption. Industry contacts also note that the levy is not a double tax. The portion of export levy equivalent to Indonesia’s current export tax will continue to be distributed to the Ministry of Finance, while the remainder will be distributed to the CPO fund agency created to manage the levy funds

Indonesia: New Indonesian Palm Oil Export Levy