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 Bitcoin and other Cryptocurrencies, Comprehensive guide on first page.

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jack2
post Nov 17 2021, 02:51 PM

Mr
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QUOTE(Amaru @ Nov 17 2021, 02:27 PM)
Do feel free to elaborate and correct me.
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Capital gain doesn't need to declare and pay tax unless it is trading profit.

What is trading? Like you trade daily for the aim to earn profits from buy and sell.
jack2
post Nov 17 2021, 03:22 PM

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QUOTE(Amaru @ Nov 17 2021, 03:06 PM)
Capital gains don't need to declare if you keep hodling, but if you convert into MYR you probably have to.

Source:
“The gains to be declared refers to gains realised from the disposal of cryptocurrency, whether it is used to obtain goods or services, exchanged for fiat currency or another cryptocurrency. Any increase in the value of cryptocurrency held by an investor that has yet to be realised will not be taxable.”
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Why you did not read the whole article and just focused the last para?

you did not read all and quoted me this... i hope you can read well before making debate again.

Read from this onwards:

This tax treatment is similar for active traders of shares and other assets. The profits made by individuals who occasionally trade cryptocurrencies or shares may be viewed as capital gains, which is not taxable in Malaysia. But the profits earned by individuals who trade frequently may be viewed as revenue and thus, deemed as taxable income.
jack2
post Nov 17 2021, 05:54 PM

Mr
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There is one new powerful rule that IRB now has the power to obtain bank statements and transactions from the banks.
jack2
post Nov 17 2021, 10:46 PM

Mr
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QUOTE(Xaxas @ Nov 17 2021, 09:04 PM)
Still confuse on this part as mention by jack2 below even if active trades result in lost from RM1k to RM700 then back to RM1k during that 1 month period is RM300 consider as gain we have to declare?
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Unrealised gain or loss is not taxable or deductible until realised.

What is realised? Is you have sold it and converted into fiat.
jack2
post Dec 4 2021, 06:04 PM

Mr
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all byebye
jack2
post Dec 10 2021, 08:22 PM

Mr
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QUOTE(ljken @ Dec 10 2021, 08:13 PM)
Binance going legal in Indonesia and Singapore but nothing in Malaysia... tsk tsk, what a shame...
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Indonesia pun lebih canggih daripada my
jack2
post Dec 13 2021, 06:08 PM

Mr
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actually if the banks know you buy or sell bitcoins through their accounts, is it ok?
jack2
post Dec 21 2021, 09:28 AM

Mr
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Anyone wanna sell crypto and need bills to prove something or otherwise?
jack2
post Jan 7 2022, 12:24 PM

Mr
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Red blood sea
jack2
post Jan 17 2022, 12:11 PM

Mr
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anyone is trading to Tokenize?
jack2
post Jan 21 2022, 09:45 AM

Mr
********
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2018 Jan is coming
jack2
post Jan 21 2022, 11:35 AM

Mr
********
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QUOTE(greyshadow @ Jan 21 2022, 11:31 AM)
another crash boom bang

HODL for long harsh winter...
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wont liao.. last night was fake up to trap people at 43000usd

short is the safer now when 40k then wait for 35k

This post has been edited by jack2: Jan 21 2022, 11:35 AM
jack2
post Jan 21 2022, 02:27 PM

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It has been long time the eth transfer fee is so expensive especially usdt in erc20 when some exchanges does not accept non ERC
jack2
post Jan 21 2022, 03:38 PM

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QUOTE(Evolving Skies @ Jan 21 2022, 03:37 PM)
Game over dy. The graph is not optismitic.
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Ya, you can jump to sea
jack2
post Jan 22 2022, 09:15 AM

Mr
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Crap already and all gone to USD 10k
jack2
post Jan 22 2022, 02:24 PM

Mr
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Short to 10k usd,I think we will see usd18k very soon

My prediction is very accurate one..haha

This post has been edited by jack2: Jan 22 2022, 02:32 PM
jack2
post Jan 22 2022, 04:19 PM

Mr
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QUOTE(mois @ Jan 22 2022, 02:50 PM)
Not usd3k for btc and usd80 for eth?
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I won't tamak
jack2
post Jan 22 2022, 05:43 PM

Mr
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Tonight we will see another round of bear is acting.

When you wake up from sleep, USD 30k

This post has been edited by jack2: Jan 22 2022, 05:44 PM
jack2
post Jan 22 2022, 06:07 PM

Mr
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QUOTE(jack2 @ Jan 22 2022, 05:43 PM)
Tonight we will see another round of bear is acting.

When you wake up from sleep, USD 30k
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I just posted and down from 35200 to 34400... Lol
jack2
post Jan 22 2022, 08:01 PM

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QUOTE(Juan86 @ Jan 22 2022, 07:55 PM)
crypto guru had been silence for few days
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All portfolio is down 50%

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