LHDN targets cryptocurrency traders for taxes

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LHDN targets cryptocurrency traders for taxes
CryptocurrencyTradingTax
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(Reuters) - Rory McIlroy may be one of golf's biggest draws but he is doing the right thing by taking some time away from the game following his stunning collapse at the U.S. Open, PGA Tour Commissioner Jay Monahan said on Wednesday.

PUTRAJAYA: The Inland Revenue Board has identified several individuals and companies engaged in cryptocurrency trading as part of efforts to curb tax revenue leakage and enhance national tax administration.

“Individuals engaged in high-volume transactions are not reporting these activities to us,” he told reporters after presenting certificates to participants in the Tax Corporate Governance Programme yesterday, Bernama reported. It also aims to foster a collaborative relationship between taxpayers and LHDN to resolve tax matters through consultation rather than confrontation.

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Cryptocurrency Trading Tax TCG

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