Abang Johari: No multi-layer sales tax on petroleum products

Dateline 2018-12-14, FMT:

Sarawak Chief Minister Abang Johari Openg today clarified that only the export sales tax will be imposed on petroleum products.

Clarifying that there would be no multi-layer sales tax on petroleum products, he said there was a lot of misunderstanding on the export sales tax for petroleum and gas product,s which was announced in the state assembly last month.

“People in the industry interpreted that raw materials (sold) to the liquefied natural gas (LNG) plant will be taxed at 5% and there will be another 5% tax when the LNG is produced and exported, which is not the case.

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