QUOTE(gogocan @ Apr 20 2021, 07:45 AM)
I dont think IRB is able to find out.Chat Gov hunt coinminers, LHDN
Chat Gov hunt coinminers, LHDN
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Apr 20 2021, 10:20 AM
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#1
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All Stars
15,192 posts Joined: Oct 2004 |
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Apr 20 2021, 10:31 AM
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#2
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All Stars
15,192 posts Joined: Oct 2004 |
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Apr 20 2021, 10:44 AM
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#3
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All Stars
15,192 posts Joined: Oct 2004 |
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....
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Apr 20 2021, 01:40 PM
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#4
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(crecar @ Apr 20 2021, 11:39 AM) the problem is not crypto tax I can do for you but the fee/charges is not cheap.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? |
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Apr 20 2021, 01:46 PM
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#5
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(Computer^freak @ Apr 20 2021, 01:45 PM) If you mine it in Malaysia, you still need to pay tax. many bravo in lowyat to recommend such.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 |
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Apr 20 2021, 07:26 PM
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#6
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All Stars
15,192 posts Joined: Oct 2004 |
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Apr 27 2021, 12:12 PM
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#7
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All Stars
15,192 posts Joined: Oct 2004 |
This is true case. I know the poster
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