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Chat Gov hunt coinminers, LHDN

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MeToo
post Apr 20 2021, 12:39 PM

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QUOTE(mois @ Apr 20 2021, 07:57 AM)
Only income from trading are taxable. Those who bought earlier is consider capital gain i think.
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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.
MeToo
post Apr 20 2021, 12:40 PM

Look at all my stars!!
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QUOTE(ShinG3e @ Apr 20 2021, 12:25 PM)
open a pvt ltd in singapore. sell your crypto and money masuk singapore company.

first $100,000 profit tax = 4.25%

$100,001 to 200,000 profit tax = 8.5%

around RM600,000 only max 8.5%.

in msia, first RM500,000 profit already 17%.  mega_shok.gif
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so high?

Big company in SG under certain scheme only get taxed 5% despite billions in turnover biggrin.gif
MeToo
post Apr 20 2021, 12:50 PM

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QUOTE(ShinG3e @ Apr 20 2021, 12:48 PM)
whatchu mean?  confused.gif
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.

shakehead.gif
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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...

 

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