LHDNM - Guidelines on Tax Treatment of Digital Currency Transactions

On 26 August 2022, Lembaga Hasil Dalam Negeri Malaysia (LHDNM) issued the updated Guidelines on Tax Treatment of Digital Currency Transactions. The Guidelines provide guidance on income tax treatment in respect of e-CT which includes general tax treatment of digital currencies or digital tokens and related guidance on the tax treatment under the Income Tax Act 1967 (ITA) for such transactions.

These Guidelines apply to any person who acquires or disposes of digital currencies as well as is involved in the business of digital currencies such as trading, mining, and exchanges of digital currencies.

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