If I buy big bike using blockchain for example.

And the shop owner ok to accept it.

Any issues with if I register the bike using company or personal?

Chase by auth ke…

Amount ard 230k

Just get ready when lhdn invite you for coffee

Yeah, aware that.

No issue, just declare

Accounting wise is troublesome.

Shop has to either convert it to RM, or put the crypto on the balance sheet.

If the latter, better make sure with proper accountant how to value it.

As buyer should be no issue.

Yes

I know this part too.

Trying my luck, perhaps owner can have it personal then on sales, he can fork out on his own to the shop.

Ask the shop owner to purchase the bike under his name. Then transfer the ownership to u as u pay him with crypto.
LHDN ask = swap suka sama suka.

Woooo..

👍🏽

Yuck g***
nice workaround!

Gaming the system

Does LHDN tax profit from crypto trading?

Yes if you are a day trader, there’s a crypto box to tick in 2024 borang be

Correct me if I’m wrong though

if ur crypto are not recognized in msia it will be issue and u will get hit with more penalty if u never declare before.

that wont work. u tink LHDN bodo like k/tards? u will just be hit with more review and penalty unnecessary especially involved with crypto.

Provided u not cashing out with Luno, they got no way to tell u transact with crypto.

u tink they dun check with the seller? and u tink they dun ask u where u get the cash? wat bank u use to transfer?

Shop owner purchase the bike himself.
TS transfer the crypto to shop owner.
Shop owner transfer the bike ownership to TS.

TS zero interaction with bank, check what ?

young man. so naive

ask shop
Do lucky draw

And u win the bike

Settled

+1 TQ for pencerahan.

In MY, can say, donation from Arab prince.

but kena tax also..din LHDN did exactly tat to jib?

+1

They knew this trick. Later lhdn ask for lucky draw proof.

what so hard?

take picture loh

Theyll ask for event, promo etc on social media, company website etc etc.

Maybe up to that extent

dont understand your problem...

crypto > cash > buy. as easy as eating tofu.
crytp > buy > but afraid LHDN query

sugggest numerous option > still afraid LHDN query...


now i want to ask, what is the real problem here?
my wild guess.... you might have tons of undeclared income, your really DO NOT want to trigger LHDN attention....

for a person willing to buy 230k bike cash. and so afrain of LHDN.
i think my guess is right.

Somewhat yes and more

A life lesson for you

If u really own the money
U don't mind spend it, paid with with it or even losing it

But, if money own u, totally different story.

In this case, the more u have, the worse the situation.

This post has been edited by ifourtos: Dec 16 2024, 01:17 PM

Im gonna be clear to auth I guess

Less headache.

No matter how fast your increase your networth.
Your asset is depreciating faster then you can imagine.


No matter how much you own,
if 2025 is your last Year on earth.
They no longer worth anything to you.


All our money/asset always in countdown mode. ??:??:??
because the owner also in coutndown mode. ??:??:??

Got recond bike and car that deal with crypto payment.

Issue resolved

there are debit cards that can link crypto wallet to fiat conversion

Why so mah kaw fan ?

U sindili (buyer) cash out ur kelipto and go buy cash meh settle lor.

Slow