If you declare it, it is like putting a mouse into tong beras...
Anyone Declaring Crypto on LHDN
Anyone Declaring Crypto on LHDN
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May 19 2021, 11:07 AM
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#1
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All Stars
15,192 posts Joined: Oct 2004 |
If you declare it, it is like putting a mouse into tong beras...
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Oct 19 2021, 08:27 PM
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#2
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All Stars
15,192 posts Joined: Oct 2004 |
who is bodoh to pay tax?
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Dec 8 2021, 12:46 AM
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#3
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(prozfromhell @ Dec 4 2021, 07:05 PM) hey there. How future works,?this is my 1st year trading crypto futures, and i have made heavy losses. Higher end of 5 digits Its via binance, not via any regulated platform. Can i keep track this losses to offset future gains ar? Sounds stupid if let say next year if i manage to say, earn enough to break even 2021's losses , then i pay income tax on that. Do i need to declare losses in my income tax return form YA 2021? Yes, you can offset tax losses against your 2022 profit and you do not need to declare so but for your YA 2021, you need to declare tax losses...then 2022, tax profit berapa then minus out tax losses b/f berapa. |
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Dec 8 2021, 11:04 AM
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#4
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(mois @ Dec 8 2021, 09:33 AM) margin trading with 1:10 or 1:50?If you want me to help you declare tax for your trading, I can help you to declare as per Section 3 of the Income Tax Act 1967 This post has been edited by jack2: Dec 8 2021, 11:06 AM |
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Dec 9 2021, 12:09 AM
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#5
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 9 2021, 05:03 PM
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#6
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(David900924 @ Dec 9 2021, 12:40 PM) crypto is not acceptable activities to banks, by declaring you are doing crypto as ur job and apply loan from bank, is it even possible? they might as well close all ur banks for that matter. Coz i hav few circles all blacklist from it after they known you are on crypto. David is right. You can't declare "terang2" to banks.QUOTE(hbm90 @ Dec 9 2021, 12:58 PM) Yes declare. Under borang BE, pendapatan lain lain. Only declare the gains if it is due to trading gains and not capital gains.A lot of people will advise you and say no need to declare because still no guideline or whatever. But better you declare to be on safe side. |
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Dec 9 2021, 07:00 PM
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#7
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All Stars
15,192 posts Joined: Oct 2004 |
QUOTE(hbm90 @ Dec 9 2021, 06:46 PM) Better to declare whatever gains. It will not be easy to differentiate between trading gains and capital gains. LHDN may have their own interpretation of it. Interpretation is not based on "their". It is based on the rule and substance of the transactions. So the traders/investors have to define their transactions. It is very simple to differential only.Don't tell me that I bought ETH in 4-5 years ago when it was USD150 and I sell now at USD4000 and I made huge profits and I need to pay? It is 100% capital gain. Don't buta to pay tax just because of mahu senang. You have your rights. This post has been edited by jack2: Dec 9 2021, 07:02 PM |
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Dec 23 2021, 06:34 AM
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#8
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 23 2021, 03:41 PM
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#9
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 23 2021, 04:15 PM
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#10
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All Stars
15,192 posts Joined: Oct 2004 |
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Dec 23 2021, 10:10 PM
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#11
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All Stars
15,192 posts Joined: Oct 2004 |
Someone reported my replies here.... Huhu
So I won't contribute anymore |
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Feb 1 2022, 11:05 AM
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#12
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All Stars
15,192 posts Joined: Oct 2004 |
If you have large volume to be liquidated, the best deal to avoid all queries is via cash or connection.
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Feb 12 2022, 06:00 PM
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#13
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All Stars
15,192 posts Joined: Oct 2004 |
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