Tax on Sabah palm oil mills postponed
Published on: Saturday, May 25, 2019
By: Patimang Abdul Ghani
KUDAT: Palm oil mills in Sabah no longer have to pay assessment tax as the State Government has postponed immediately the implementation of this requirement, as part of its initiatives to attract more investors to the State. Announcing this, Deputy Chief Minister cum Local Government and Housing Minister Datuk Jaujan Sambakong said no time frame has been set for the postponement.
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“Although this move will cause the State Government to lose RM10 million a year, it is important to ensure the palm oil industry in Sabah will continue to exist and progress.
“We cannot sit still listening to the moans and grouses of unemployment, especially from university graduates in the State estimated to number about 30,000.
“Hence, industrial development in the State to attract more investors is very important. It is the Government’s priority to ensure there will be more job opportunities,” he told reporters after he chaired his Ministry’s meeting, here, Thursday. – PAGStay up-to-date by following Daily Express’s Telegram channel.
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Photo Source: Bernama
