Indonesia probes Wilmar and Musim Mas for under-invoicing
Indonesia is probing Wilmar and Musim Mas for under-invoicing palm oil exports to avoid taxes. The move follows a new plan to centralize commodity sales.
Xurve View
Xurve View
Indonesia is investigating Wilmar International Limited and Musim Mas Group for suspected under-invoicing of palm oil exports to recover lost tax revenue. President Prabowo Subianto claims under-invoicing has cost the nation $908 billion in lost commodity revenue since 1992. Tighter export controls and pricing audits threaten margins for major producers operating in the world's largest palm oil market.
