COSS is abandoned ,but substituted by windfall tax .
sabah planter is levied on 7.5% state goverment tax and windfall tax of 7.5% threshold above RM2000.
sarawak planter is levied on 5% state goverment tax and windfall tax of 7.5% threshold above RM2000.
peninsular planter is levied on 15% windfall tax of threshold above RM2000.
comparison before and after 1 Jul 2008. formula following:
before : COSS : (cpo-1500)x10%
after : Windfall tax : (cpo-2000)x15% (for peninsular)
assumes cpo price stance is fixed at RM3300:
before RM180
after RM195
example of impact on net profit if cpo is fixed at RM3300 , in peninsular :
RM15 x 74% = RM11.1 reduction in by every tonnes cpo production.
this is a hefty loss for penisular plantation company , and more impact on less-efficiency/ purely plantation engagement company. but this is catalyst for the east malaysia planter, for purely eastern planter, hsplant and bldplnt make the top beneficiary.
filed : new cess rate 0605.xls
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