Guidelines issued on tax treatment of digital currency or digital tokens has been saved
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Guidelines issued on tax treatment of digital currency or digital tokens
Malaysia
The Inland Revenue Board of Malaysia issued technical guidelines on the tax treatment of digital currency transactions on 26 August 2022, which are effective as from the same date. According to the guidelines, transactions involving digital currency or digital tokens will be subject to tax in Malaysia if the transactions are revenue in nature, as opposed to being capital in nature.
For further information, please contact Hooi Being Tan.
