Deloitte: Nothing to panic about Malaysia’s inclusion into EU tax watch list

Tan Hooi Beng of International Tax Leader of Deloitte Malaysia: "It is thus a matter of time before Malaysia moves to the white list. As such, there is no need for anyone to push the panic button."

KUALA LUMPUR: Malaysia inclusion into EU tax watch list is nothing to panic about, says Tan Hooi Beng, International Tax Leader of Deloitte Malaysia.

In a statement on Friday, he explained Malaysia adopts a territorial tax regime, where only Malaysian-sourced income is within the ambit of its tax net.