Foreign currency transactions are facilitated & accelerated by booming Ecommerce platform. Wrong treatment of forex gain/loss will make you pay WRONG amount of TAX now or suffer TAX PENALTY in the future.
Source: http://www.hasil.gov.my/
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Recent Updates
- Latest TAX RULING ON FOREIGN CURRENCY TRANSACTION (dated 13 December 2019)
- Extraction from latest TAX RULING ON BENEFITS IN KIND (dated 12 December 2019) – which benefits in kind are not taxable & who can not claim these exemptions
- Bank Negara Malaysia Explains: What is Cash Transaction Limit (CTL) (November 2019)
- Latest SST Guide on Information Technology Services (dated 25 June 2019)
- Revised Guidelines on Taxation of Electronic Commerce Transactions