I used to work in Malaysia and I paid taxes. Now I live and work in Australia but the tax account I have in Malaysia still can be used for crypto tax right?

for the money being remitted to malaysia...i think YES,..have to declare BUT you may not have the same tax treatment as a Malaysia Tax resident as you are not a tax residents of malaysia now

but if you wan to reduce the taxes paid to Australia,...i think you need to check with Australian Taxation Office...
for if the money from crypto sales did not enter Australia but was sent to Malaysia directly,.....then i think it may not be under Australia taxation,

well,...that is my just unqualified wild guess comments about taxes

but just beware of this
Common Reporting Standard for the automatic exchange of financial account information
The Common Reporting Standard (CRS) is the single global standard for the collection, reporting and exchange of financial account information on foreign tax residents. Under the CRS, banks and other financial institutions collect and report financial account information on foreign tax residents to us. We exchange this information with participating foreign tax authorities of those foreign tax residents.

In return, we receive financial account information on Australian residents from other countries' tax authorities. This helps ensure that Australian residents with financial accounts in other countries are complying with Australian tax law. The exchange of financial account information acts as a deterrent to tax evasion.
https://www.ato.gov.au/general/internationa...rting-standard/

Common Reporting Standard (CRS) is a global standard for automatic exchange of information (AEOI) on financial account information between the governments in order to combat offshore tax evasion and protect the integrity of taxation systems.
Over 100 countries/ jurisdictions, including Malaysia, have committed to CRS
https://www.rhbgroup.com/others/common-repo...ation%20systems.


This post has been edited by MUM: May 25 2022, 03:15 PM

Sell at local exchange then declare that income lo , I think u can buy back the same day that why ppl in USA did it to claim they lose money on crypto to offset Thier tax

You're not a normal mum. Where did you get these information from?

google...

yes, in Aus there is capital gain tax and Malaysia here don have. so only if ur crypto gain being deemed as business income (ie badges of trade exist) then IRB will wan to take a cut.
pertaining to transfer money back n not being questions, is because not the foregin income tax got holiday period for individual (till 2026). so after that, u may try to transfer again... haha...