Forex income tax malaysia

Posted: rcmag Date of post: 07.07.2017

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Malaysia's Biggest Investment Forum. Home Help Search Login Register. Just want to clarify Recently I do full time trading in stock market.

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If you classified yourself as a full time stock trader , it is taxable. A housewife trade from 9 - 5pm. Is she a full time trader?

forex income tax malaysia

To be specific, I am now self employed with income from stock market only. Goreng Addict Baron Posts: PAYUB on February 11, , Just say you're an occasional trader who is still unemployed. Dorky on February 11, , Being a tax consultant, i can answer your query at no fees. Generally, capital gains from the trading of shares are not taxable and of course, the capital losses cannot be used to offset your other income.

As for dividends, you will need to look at the warrants.

Hope the above provides clarification on the tax issues. Hi positive, Thanks for your explanation in details.

forex income tax malaysia

My annual income was always below taxable bracket when I was employed last time Form BE. Since I am "unemployed", and income from stock market capital gain is not taxable, is it still compulsory to file Form B to declare my capital gain?

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Otherwise, the IRB will impose a late submission penalty. No need to declare capital gains, only need to declare taxable dividends which will be to your advantage as you will be entitled to a refund.

If you are making lots of capital gains from shares, i.

forex income tax malaysia
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