QUOTE(dsugums @ Mar 29 2008, 06:05 PM)
Got a questions to those who are accomplished traders.
Is it wise or better to declare your trading profits as personal income or register a business and file it as company tax?
With personal tax, cannot get much deductions and need to pay more tax. Where as for business, can whack a lot of things in expenses to reduce tax
Can we register our company as share trading and others?
Dude,Is it wise or better to declare your trading profits as personal income or register a business and file it as company tax?
With personal tax, cannot get much deductions and need to pay more tax. Where as for business, can whack a lot of things in expenses to reduce tax
Can we register our company as share trading and others?
Capital gain (includingin stock market) is tax exempted in Malaysia. No difference as individual or businesses.
But for US, capital gain will be taxed at 15%, if not mistaken. That's why tax is also part of considering when selling a share in US. As long as you don't sell the share, on paper gain, it won't be taxed. But once you sold it, it is taxed on your profit made.
Mar 29 2008, 06:30 PM
Quote
0.0299sec
0.38
5 queries
GZIP Disabled