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
Wanna ask..
Wanna ask..
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Dec 14 2024, 07:23 PM, updated 10 months ago
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#1
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Junior Member
43 posts Joined: Oct 2021 |
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 |
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Dec 14 2024, 07:45 PM
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#2
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43 posts Joined: Oct 2021 |
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Dec 14 2024, 08:03 PM
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43 posts Joined: Oct 2021 |
QUOTE(kelvinlym @ Dec 14 2024, 07:53 PM) Accounting wise is troublesome. I know this part too. 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. Trying my luck, perhaps owner can have it personal then on sales, he can fork out on his own to the shop. |
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Dec 14 2024, 08:27 PM
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#4
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43 posts Joined: Oct 2021 |
QUOTE(Alex9892 @ Dec 14 2024, 08:09 PM) Ask the shop owner to purchase the bike under his name. Then transfer the ownership to u as u pay him with crypto. Woooo.. LHDN ask = swap suka sama suka. 👍🏽 NinG liked this post
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Dec 16 2024, 07:18 AM
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#5
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Dec 16 2024, 10:43 AM
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#6
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Dec 16 2024, 12:42 PM
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#7
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QUOTE(ifourtos @ Dec 16 2024, 10:49 AM) dont understand your problem... Somewhat yes and more 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. |
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Dec 16 2024, 01:27 PM
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#8
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Feb 28 2025, 01:07 PM
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#9
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Got recond bike and car that deal with crypto payment. Issue resolved NinG liked this post
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Feb 28 2025, 03:04 PM
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#10
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