Active cryptocurrency traders not spared from tax in Malaysia
Our observations and notes
Although the title of this article seems to suggest Malaysia is not a crypto tax friendly nation, the contrary is true.
In so far as personal income tax is concerned Malaysia taxes only active traders in crypto and doesn't tax capital gains made from holding crypto for long term. It appears that even unplanned and unsystematic or passive trading profits are not taxable. What is unplanned and unsystematic or passive is surely subject to interpretation and could lead to ambiguity.
Be that as it may, Malaysia is still considered among the few countries that are very lenient on crypto gains considering it does not tax capital gains arising from such investments.
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