Apr 20 2021, 07:57 AM
QUOTE(nerdook @ Apr 20 2021, 07:46 AM)
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.
Only income from trading are taxable. Those who bought earlier is consider capital gain i think.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.
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