If you declare, you pay (at most) 25% of the income as tax.

If you no declare, and LHDN find out, you pay 25% of the income, plus 80-300% of that, so effectively govt will take up to 75% of your profits. And it is pay first talk later, so good luck hiring a lawyer when you need to hand over 3/4 of all your gains, especially if you already "reinvest" it and the market turn into another years long bear market.

In the end you still need to convert your crypto to fiat like USD or MYR. That's when they catch you.

Not kenot, but dun wan

i likeeeeee this

Only income from trading are taxable. Those who bought earlier is consider capital gain i think.

This case seems "under-declared"

So easy can find out meh? Oversea trading account let u access meh.

lhdn can just ask the tax payer to provide le..even foreign bank account also they got access..

don't have to la. can't talk too much coz i have a non-disclosure in effect. suffice to say, u will be surprised on the technology they used. it is far more sophisticated than you think

Can check all your accounts on all bank and some formula to detect the abnormal and consistent transfer.

I belif it is the same method/tech that LDHN use to check on share trader's activity (on share market) on whether their profit gained from the trade is a capital gain (non-taxable) or taxable income.

when it comes to tax sampai lubang cacing pun buleh cari

when it comes to refund krik krik kirk kirk............................

no u dumb. this is the only beginning. you think bank negara has no agenda or motive legalising luno etc in malaysia? it's for the long term tax

capital gain is not taxable. keep your proof of records. as long u dont do day trading or short term shud be okay

This post has been edited by jyll92: Apr 20 2021, 09:13 AM

Probably cash out via lunoo. Easy to trace

This post has been edited by yiporan: Apr 20 2021, 09:17 AM

Cukur penjanaan kewangan

I dont think IRB is able to find out.

As long got a paper trail of any transactions locally, BNM and LHDN can track them down.

must be golden 2 5 finger

Ok

Bitcoin traders in here suda sked liao