Been paying total 6 digits to LHDN for the past 3 years for my crypto trading.
As long as the trading is your active income then the profits is taxable. NOTE: Capital gain is not taxable so as long as you did not convert crypto to fiat money for profits, it is still not consider profit because you still facing risk like exchange hacked, price drop, and others.
If you trade full time, remember record down how much money u invest in crypto. Check how much positive cash flow after you convert to fiat at the end of year.

SO you are filing form B right?

Profited from trading bitcoin? Find out if you need to pay taxes
Tan Zhai Yun/The Edge Malaysia
March 01, 2021

https://www.theedgemarkets.com/article/thew...-need-pay-taxes

This one say is like no say. How frequent is frequent. Even blur after reading.

I think mostly ppl buy low sell high within a few hour or day is consider active trading.
If ur crypto is accumulate within  a few year n sell should b ok.

Can try email lhdn n ask if u berani enough 😁

But the thing is, how do they know is few hours or months? Not like we can print out transaction buy sell history from binance?

But the thing is, how do they know is few hours or months? Not like we can print out transaction buy sell history from binance?

They can request for bank transactions on your personal savings account. If yesterday night you keluar myr10k, then today you receive myr15k, and this happens several times a week, you think they will buat bodo? If you're using a business account, then that's a different story because then they will ask for your annual account audit.

Then you will have declare where that money is coming from and where it is going to.

Of course if you never cash out from binance or any other exchange, then they can't do shit because crypto on an exchange is just paper currency until it becomes fiat.

what if i only cash out from exchange after few months or years? will that attract attention ?

But the thing is, how do they know is few hours or months? Not like we can print out transaction buy sell history from binance?

This one say is like no say. How frequent is frequent. Even blur after reading.

Been paying total 6 digits to LHDN for the past 3 years for my crypto trading.
As long as the trading is your active income then the profits is taxable. NOTE: Capital gain is not taxable so as long as you did not convert crypto to fiat money for profits, it is still not consider profit because you still facing risk like exchange hacked, price drop, and others.
If you trade full time, remember record down how much money u invest in crypto. Check how much positive cash flow after you convert to fiat at the end of year.

who is bodoh to pay tax?

Zero capital gains tax is basically a hoax because you need to HODL for more than 1 year or even 5 years, and it's all up to the taxman.
If you big fish they definitely will say you fall under the badges of trade and want to charge income tax on all your capital gains.
So in your case, you will owe (1million - the cost of the initial 10 BNB) * 30% tax rate when you converted to stablecoin even no MYR is involved.
Any crypto-crypto transactions, crypto-fiat transactions, airdrops, hardforks, staking are all subjected to income tax.
Don't easily show your crypto trading transactions and do full opsec when interacting with the local regulated watchdog exchanges.
You'd rather pay tax on what you cash out on zero-cost basis than the taxman going through all your crypto transactions and want to tax it all.