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When Is Crypto Taxable in Malaysia?
Manage episode 427092756 series 2926374
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Individuals dealing with cryptocurrency trading in Malaysia are subject to income tax, this is a quote from LHDN CEO Datuk Dr Abu Tariq Jamaluddin following a special operation dubbed Ops Token that happened a few weeks back. In collaboration with the police and Cyber Security Malaysia, the operation was done to curb tax revenue leakage in cryptocurrency trading and improve the country's tax administration.
Considering the exponential growth in value and popularity of digital assets, understanding the tax implications is crucial for both individuals and businesses, and with that we explore the intricacies of taxation on digital assets in Malaysia with Saravana Kumar, Tax Lawyer at RDS Partnership, a full-service commercial law firm.
Among other things, we get into when crypto is taxable, the difference between income and capital gain, as well as the difference between tax avoidance and tax evasion, and much more.
See omnystudio.com/listener for privacy information.
155 episodes
Share
Manage episode 427092756 series 2926374
Content provided by BFM Media. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by BFM Media or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
Individuals dealing with cryptocurrency trading in Malaysia are subject to income tax, this is a quote from LHDN CEO Datuk Dr Abu Tariq Jamaluddin following a special operation dubbed Ops Token that happened a few weeks back. In collaboration with the police and Cyber Security Malaysia, the operation was done to curb tax revenue leakage in cryptocurrency trading and improve the country's tax administration.
Considering the exponential growth in value and popularity of digital assets, understanding the tax implications is crucial for both individuals and businesses, and with that we explore the intricacies of taxation on digital assets in Malaysia with Saravana Kumar, Tax Lawyer at RDS Partnership, a full-service commercial law firm.
Among other things, we get into when crypto is taxable, the difference between income and capital gain, as well as the difference between tax avoidance and tax evasion, and much more.
See omnystudio.com/listener for privacy information.
155 episodes
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Similar to Enterprise Explores
NPR's Up First is the news you need to start your day. The three biggest stories of the day, with reporting and analysis from NPR News — in 10 minutes. Available weekdays at 6:30 a.m. ET, with hosts Leila Fadel, Steve Inskeep, Michel Martin and A Martinez. Also available on Saturdays at 9 a.m. ET, with Ayesha Rascoe and Scott Simon. On Sundays, hear a longer exploration behind the headlines with Ayesha Rascoe on "The Sunday Story," available by 8 a.m. ET. Subscribe and listen, then support y ...
…
continue reading
Host Marco Werman and his team of producers bring you the world's most interesting stories that remind us just how small our planet really is.
…
continue reading
KQED's statewide radio news program, providing daily coverage of issues, trends, and public policy decisions affecting California and its diverse population.
…
continue reading
Each week Deconstructed brings you one important or overlooked story from the political world. Veteran politics reporter Ryan Grim and a rotating cast of journalists, politicians, academics and historians tell you what the rest of the media are missing. Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
Wharton faculty and industry leaders discuss their latest research, books, and relevant business topics. Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
*ELECTION DAILY* - new episodes every weekday evening throughout the general election campaign. The best analysis of the Irish political scene featuring Irish Times journalists, political thinkers and the occasional politician. Hosted by Hugh Linehan. Hosted on Acast. See acast.com/privacy for more information.
…
continue reading
The original European current affairs podcast from Germany’s international broadcaster. Bringing you expert analysis and on-the ground reporting from the European capitals and beyond. Join host Kate Laycock and DW’s network of seasoned correspondents for your weekly dose of euro-politics and culture. Published every Thursday.
…
continue reading
In-depth, hard-hitting interviews with newsworthy personalities.
…
continue reading
Each weekday, Marketplace’s Kai Ryssdal and Kimberly Adams make today make sense. Along with our supersmart listeners, we break down happenings in tech, the economy and culture. Every Tuesday we bring on a guest to dive deeper into one important topic. Because none of us is as smart as all of us.
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