If you arent using residential area with residential tariffs for large scale mining they wont disturb you.

But an interesting test case would be industrial (not commercial) area mining. Industrial rates are cheaper than commercial with off peak discounts to encourage ...well industry. I dont think bit coin mining can be considered as such

So my friend...where is your farm?

There are many such companies in Singapore.

You don't necessarily have to start one as there's plenty about for sale too.

I've been using a SG company for trading and receiving income for many years else the tax is too high.

local share market, commodities gains is not taxable.

overseas crypto i'm not sure.

i have overseas bank acocunt for my overseas trade. I dont convert it back to RM.

so high?

Big company in SG under certain scheme only get taxed 5% despite billions in turnover

That’s bullshit bro. Unless you are a citizen in Singapore, you pay taxes in your home country. Even if you trade in Singapore, you need to declare taxes Malaysia.

Just like an American expat working in KL who pays taxes to the American government and not to Malaysia.

whatchu mean?

under certain scheme that is deemed worthy ma. i don't think i can find any scheme under crypto yet lol

last time 2016/2017 lagi best wey. first $100,000 no tax at all.

open multiple pvt ltd, sell crypto max $100,000 each company, no tax. declare as dividend to director (again, not tax on dividend like MY which is witholding tax).

MY sdn bhd if reached RM500,000 need register for SST/GST. for singapore, hit $1mil baru apply GST/SST/VAT.

thats personal tax la, if company follow the country i suppose.

U rugi u tanggung......

Not only company tax.

Even employee income tax also Msia value nearly double SG side for most ppl. Unless u earning millions then it works out to be more or less even...

in planning actually.

talking to some firms in singapork and see how they do it. i believe the regulation there is more knowledgeable compared to here.

Under declared, IRB have no direct access to bank record

That assquake/ass collector i was replying to was referring to personal tax from trading gains.

Haha, 20 pages inkambing.....

Lotsa crypto pppl in /k

This post has been edited by Hobbez: Apr 20 2021, 12:55 PM

this is when large crypto traders who made a windfall should watch breaking bad on how to detergent your money

open shell company, and payout small amounts monthly

Parked it in SG or TH lah bodo.
You bring back to Malaysia via Malaysia banking/Financial system sure will triggered the LHDN.

This post has been edited by ApocalypseSoon: Apr 20 2021, 12:56 PM

coinminers that steals electric should be punished. thats all

ikankering

I can do for you but the fee/charges is not cheap.

If you mine it in Malaysia, you still need to pay tax.
Even if you transfer your crypto to your SG company and sell it in SG.
You can read this under transfer pricing in IRB's public ruling.

So far, what I can say. Even though people have the perception that Malaysia's civil service is incompetent.
However, their taxation department is actually very effective in countering loopholes and tax avoidance

many bravo in lowyat to recommend such.