Revenue board identifies individuals, companies involved in crypto trading

  • 📰 staronline
  • ⏱ Reading Time:
  • 28 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 75%

LHDN News

Cryptocurrency,Trading,Tax

A new line of PCs specially made to run artificial intelligence programs hit stores on June 18 as tech companies push toward wider adoption of ChatGPT-style AI.

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.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in US

United States United States Latest News, United States United States Headlines