LHDN conducts special ops to curb tax leakage from cryptocurrency trading

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Inland Revenue Board News

LHDN,Cryptocurrency,Tax Leakage

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KUALA LUMPUR: With the estimated total value of cryptocurrency transactions in Malaysia in 2024 being RM1.441tril, the Inland Revenue Board has conducted a special operation to curb tax leakage.

In a statement on Saturday , LHDN said the operation was held simultaneously in 10 different locations around the Klang Valley. "We have successfully identified the digital assets that are traded, which has caused significant tax revenue leakage.

 

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