50K and above will trigger CTR to BNM. so it is true that better stay below 50K
Luno Malaysia, Your experience, reviews, thoughts
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 Dec 22 2017, 03:20 PM
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#1
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Senior Member
2,148 posts Joined: Nov 2007 
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Jan 13 2018, 01:11 AM
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#2
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Senior Member
2,148 posts Joined: Nov 2007
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i think what IRB should do is to tackle company level (luno) in term of taxable income...rather than pinching every individual investors..
if we gain they want to tax, when we loss in our investment who gonna pay us back ? they should focus on investors' KYC, AMLA & GST thingy rather than taxing the investors' capital gain |
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Jan 13 2018, 10:03 AM
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#3
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Senior Member
2,148 posts Joined: Nov 2007
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QUOTE(jack2 @ Jan 13 2018, 01:20 AM) Wrong. Did you read the IRB wanted them to furnish all information from clients? that is why i said go to company level on company's tax profit rather than requesting clients infor...Luno wanted to protect clients if they are liable to furnish such info. Thus, they are getting advices if they are liable to give.  |
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Jan 13 2018, 01:06 PM
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#4
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Senior Member
2,148 posts Joined: Nov 2007
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QUOTE(tishaban @ Jan 13 2018, 10:11 AM) In the developed world eg. US & Europe, when you gain you're taxed as capital gains. When you lose money, you can offset that loss (up to certain limits) for any gains in the next x number of years. that i agreed. if capital gain is taxable then losses have to be able to offset as well, no matter how small is that. it has to be 2 ways.I think many people don't realize how good you have it here, US citizens are taxed on worldwide income even if you don't live or earn that money in the US. Personally I'm happy to pay taxes, just make it clear up front instead of the govt being clueless all the time. The US IRS issued statements on crypto almost 4 years ago... but as far as i know, capital gain in KLSE is non-taxable, it should apply to any other investment. This post has been edited by smartly: Jan 13 2018, 01:08 PM |
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Jan 15 2018, 08:20 PM
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#5
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Senior Member
2,148 posts Joined: Nov 2007
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QUOTE(KimberlyfromLuno @ Jan 15 2018, 07:55 PM) Unfortunately, we don't have an ETA right now, it will be communicated as soon as we know. Always happy to help too bad. the longer it take, the more customers you are losing... |
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