But how LHDN knows ?

Want untung banyak but don’t want pay tax. Then complain our country is backwards. Lemaooooo

This post has been edited by WaterBuffalo: Apr 20 2021, 10:28 AM

Fake. Photoshop.

you sell usdt directly to other buyer, how they can determine it is gain ?? its just like you transfer money to friend like that.

ambil sikit2 suda la

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.

https://www.theedgemarkets.com/article/thew...20in%20Malaysia.


On topic : Government need moolah okay if you slowly cash out or at very low intervals (once a month) then u can claim you doing it for hobby and not get taxed? Since apparently they want to clamp down based on frequency of use.

This is the outcome from tax audit on the tax declaration submitted for YA 2018-2019 and then IRB found out there were some incoming funds which were not declared (probably checked through the bank accounts) and noted that as profit....

Tracing this is like kacang putih to IRB la..they have their own way as long it involve money and banks.

And people think that pay first, challenge second tax rules not gonna affect them.

Nowadays a lot of offshore banks require us to give them permission to share our details with the country of our residence.

I was recently requested to submit my proof of residence and also sign papers to give the banks permission to provide the country of my residence with my bank statements.

It’s very easy to check on gains when all banks all over the world are interlinked.

They confiscated all the mining machines and then mine themselves.

No problem to include crypto in taxing for day-trading but how they count losses? If the fella gain 100k on his portfolio but dropped 200k, still need to pay 100k tax? Die lo

This post has been edited by whyamiblack: Apr 20 2021, 11:28 AM

this is incorrect, it depends on your frequency of buy/sell transaction to determine business income or capital gain

Maybe he wire the money into Malaysian bank and raise red flag? or SC recognized platform provide information

actually trade also consider capital gain kan. i think mining should be kena tax but not trading.

all depo/withdrawal over certain amount is submitted to BNM and of coz LHDN got eyes on it as well.

srsly ppl tink they can escape? just depends the gov agency have enuf resources or rajin anot only

Is it?
But why 1mdb take so long to trace, and still lot of thing unexposed?

This post has been edited by Zhik: Apr 20 2021, 11:37 AM

Meh

U scared?

the problem is not crypto tax

the problem is who can do crypto tax for me in accordance to LHDN requirements

i ask two small account/tax company and they dont know, so who know? can LHDN do crypto tax for me?

i put my profits in USDT, is it taxed? or it get taxed only when the money transfer to my bank account?

This post has been edited by crecar: Apr 20 2021, 11:42 AM

Okay. They should pay it. Pc peripherals price are on rising because of them

This post has been edited by unixcorp: Apr 20 2021, 11:40 AM