Just a quick question, if anyone knows the answer to this.

If I had been allocated some shares of a private company. After which, the company is acquired by a third party and we're paid some monetary compensation in exchange of us selling our portion, is that taxable?

lol have you wonder is it taxable when he is given the shares? dont straight to the point that its capital gain.

Hello,

Done some freelance design work over the internet with a foreign client and received payment via PayPal (I'm in Malaysia). Does the income need to be declared? I'm assuming yes, but some said no because of this line in the tax guide:

"With effect from the year of assessment 2004, income derived from outside Malaysia and received in Malaysia by a resident individual is exempted from tax."

Thanks

Hi all,

I left my job around October, and started a freelance business this month. What form should I use for income tax filing next year?

Thank you very much!

googled and found this,...

Q28: I am a real estate agent / stocks / insurance / direct sales business.
But I have not registered with the Companies Commission of  Malaysia.
What form should I use to declare my income?

A28: Types of forms to be filled is not depending on whether you have registered the business with the Companies Commission of Malaysia (SSM) or not.
It depends on the source of the income received by you whether or not a business source.
Income received by an independent agent is treated as business income.
Therefore, you must declare the income in Form B.
jfyi only

http://lampiran1.hasil.gov.my/pdf/pdfam/FA..._11042011_1.pdf

How is cryto income taxable? My friend are getting paid in cryto doing gig jobs online. It's not small money coz he has been doing it for many years. His focus is investment, says he accumulated millions and only withdraw once in a while for living expenses isn't it lhdn can't do anything about it?

I also thought about those who received digital income through wallet. There is no way there fella will pay tax, money isn't even directly into their local bank. Online income is still grey area?

Hi sifu, i am new to lowyat. Hope you can help with e-B form
1. Used to be a driver at kindergarten (partnership with sister)
2. Due to MCO, started online business in shopee alone (sole proprietor)
3. 2020 sister accountant help me submit tax (because i dont know how)
4. 2021 I plan to do on my own as accountant want to charge RM600+
I have PIN and login to LHDN already. Question as below:
1. Fill e-Borang e-B.
2. Under step 3 "Pendapatan"
3. Is pendapatan berkanun perniagaan my net profit in shopee? (see A)
4. Is pendapatan berkanun penggajian my annual salary from online business and sister kindergarten? (see B)

Thank you ^^