PUTRAJAYA: The Inland Revenue Board has identified several individuals and companies engaged in cryptocurrency trading to curb tax revenue leakage and enhance national tax administration.
"We understand that if there are a lot of transactions, profits from cryptocurrency trading are taxable. Recently, LHDN launched Ops Token in collaboration with the police and CyberSecurity Malaysia to combat tax revenue leakage in cryptocurrency trading. The initiative covers 10 locations across the Klang Valley.
Earlier in his speech, Abu Tariq said,"Through TCG, organisations can deepen their comprehension of tax regulations related to business activities and fortify their internal systems for sustained tax compliance.”
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