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 Taxable income for individuals, businesses

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hitokiri_maniac
post Apr 2 2008, 02:12 PM

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if forex.. how about tax??.. different method or no tax?
hitokiri_maniac
post Apr 2 2008, 10:26 PM

Yes..No..Maybe..I Don't Know...
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QUOTE(kuntaker @ Apr 2 2008, 06:54 PM)
forex dif le..
i ask tax agent bfore , they say taxable wor..
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how much the tax from forex...?? rclxub.gif rclxub.gif
hitokiri_maniac
post Apr 4 2008, 04:49 PM

Yes..No..Maybe..I Don't Know...
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QUOTE(cherroy @ Apr 4 2008, 02:56 PM)
Capital gain is tax exempted. So if you gain on forex by investment then it is considered capital gain.
All income are considered taxable unless stated otherwise or one can prove the allowances are essential to carry out your job then only can be waived.
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so if a person wiretransfer 1 million usd profit from forex trading into malaysia account bank.. he will not be tax for that??.. wow... seriously??i thought tax ppl want a slice of pie of it also... thumbup.gif thumbup.gif

This post has been edited by hitokiri_maniac: Apr 4 2008, 04:52 PM
hitokiri_maniac
post Apr 4 2008, 08:56 PM

Yes..No..Maybe..I Don't Know...
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From: So Near Yet So Far


QUOTE(cherroy @ Apr 4 2008, 05:35 PM)
Inland revenue board will query why the person wire-transfer you in the first place. Not as simple as that.

For capital gain, you need to keep properly your transaction documentation, slips, contract noted or any other documentation proof that show you are actually gain money through capital appreciation.
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oo ic.. juz query only... i thought they will hold ur moneyy until they satisfy with ur answerrr... doh.gif doh.gif

 

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