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 Wanna ask..

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TSKanang
post Dec 14 2024, 07:23 PM, updated 10 months ago

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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
TSKanang
post Dec 14 2024, 07:45 PM

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QUOTE(hightechgadgets8 @ Dec 14 2024, 07:32 PM)
Just get ready when lhdn invite you for coffee
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Yeah, aware that.

No issue, just declare
TSKanang
post Dec 14 2024, 08:03 PM

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QUOTE(kelvinlym @ Dec 14 2024, 07:53 PM)
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.
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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.
TSKanang
post Dec 14 2024, 08:27 PM

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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.
LHDN ask = swap suka sama suka.
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Woooo..

👍🏽
TSKanang
post Dec 16 2024, 07:18 AM

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QUOTE(ifourtos @ Dec 15 2024, 07:36 PM)
ask shop
Do lucky draw

And u win the bike

Settled
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They knew this trick. Later lhdn ask for lucky draw proof.
TSKanang
post Dec 16 2024, 10:43 AM

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QUOTE(ifourtos @ Dec 16 2024, 10:38 AM)
what so hard?

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

Maybe up to that extent
TSKanang
post Dec 16 2024, 12:42 PM

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QUOTE(ifourtos @ Dec 16 2024, 10:49 AM)
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.
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Somewhat yes and more



TSKanang
post Dec 16 2024, 01:27 PM

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QUOTE(ifourtos @ Dec 16 2024, 01:17 PM)
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.
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Im gonna be clear to auth I guess

Less headache.
TSKanang
post Feb 28 2025, 01:07 PM

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Got recond bike and car that deal with crypto payment.

Issue resolved
TSKanang
post Feb 28 2025, 03:04 PM

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QUOTE(ShadowR1 @ Feb 28 2025, 02:29 PM)
Why so mah kaw fan ?

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

 

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