What clarification is Transport Ministry seeking from MOF?

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The Transport Ministry is seeking clarification from the Finance Ministry regarding the tax treatment of commingled oil cargo.

The Transport Ministry has not received any information about new taxation concerning commingled oil cargo. This matter is under the jurisdiction of the Royal Malaysian Customs Department and the Finance Ministry. Maritime industry stakeholders have expressed unease due to the ambiguity surrounding the tax implications for such cargo at Malaysian ports.
Clarification on Taxation of Commingled Cargo

The Transport Ministry intends to engage with the Finance Ministry to obtain clarity on the tax treatment applicable to commingled oil cargo. This step is being taken in response to concerns voiced by players within the maritime sector.
Lack of Official Notification

Transport Minister Anthony Loke Siew Fook stated that his ministry has not been officially informed of any new tax measures affecting commingled oil cargo. He indicated that the purview for such matters lies with the Royal Malaysian Customs Department and the Finance Ministry.
Industry Concerns and Definitions

Uncertainty regarding the tax treatment of commingled oil cargo has generated apprehension among businesses operating in the port sector. Commingling is defined as the practice of storing distinct oil consignments together in a shared shore tank before their eventual transfer or export.

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What clarification is Transport Ministry seeking from MOF?

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