For years, a common assumption in Malaysia was that cryptocurrency gains were not taxable. That assumption is wrong. With the Inland Revenue Board (IRB) actively monitoring digital asset transactions, the key distinction is no longer if you pay tax, but how; is it a capital gain or taxable income?



ThinkTx Tax Director Steffi Manisha Arokiam joins us to demystify the complex world of digital asset taxation. She explains the IRB's ‘badges of trade’ concept, the valuation methods you must use (like FIFO), and the critical record-keeping required to defend your position during an audit.



We discuss:


The crucial difference between a capital gain and a taxable revenue transaction.


The ‘badges of trade’ the IRB uses to determine if your crypto activity is a business.


The specific tax implications for trading, mining, and airdrops.


How to value your assets and which deductions you can claim (if you're a business).


The penalties for non-compliance and failure to report.



For individuals and businesses in the crypto  space, this is an essential dive into compliance and managing your financial risk.

For years, a common assumption in Malaysia was that cryptocurrency gains were not taxable. That assumption is wrong. With the Inland Revenue Board (IRB) actively monitoring digital asset transactions, the key distinction is no longer if you pay tax, but how; is it a capital gain or taxable income?ThinkTx Tax Director Steffi Manisha Arokiam joins us to demystify the complex world of digital asset taxation. She explains the IRB's ‘badges of trade’ concept, the valuation methods you must use (like FIFO), and the critical record-keeping required to defend your position during an audit.We discuss:<ul><li>The crucial difference between a capital gain and a taxable revenue transaction.</li><li>The ‘badges of trade’ the IRB uses to determine if your crypto activity is a business.</li><li>The specific tax implications for trading, mining, and airdrops.</li><li>How to value your assets and which deductions you can claim (if you're a business).</li><li>The penalties for non-compliance and failure to report.</li></ul>For individuals and businesses in the crypto&nbsp; space, this is an essential dive into compliance and managing your financial risk.

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