Is there any tax implication for Malaysians due to Brexit?

Although the secession will take time to complete, the tax impact assessment should begin sooner rather than later as any effort to cushion the impact would also take time. This article by Tan Hooi Beng(pic) who is the international tax leader of Deloitte Malaysia.discusses some of the potential tax implications that may affect Malaysian corporates.

Whilst Brexit is a UK issue, one should not disregard its potential tax impact on Malaysian corporates that operate in, from or through the UK. There are some notable UK operations in property development, hotels, utilities, retail, renewable energy, gaming, etc, by various Malaysian groups.

Although the secession will take time to complete, the tax impact assessment should begin sooner rather than later as any effort to cushion the impact would also take time. This article discusses some of the potential tax implications that may affect Malaysian corporates.