Maria
Wed Aug 28 2024
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5 answers
616
Are cryptocurrencies tax-friendly in Seychelles?
Could you please elaborate on the tax treatment of cryptocurrencies in Seychelles? Are they considered as taxable assets or are there any exemptions or incentives in place for investors holding or trading cryptocurrencies in the country? How do the local tax authorities approach the taxation of crypto-related transactions and what are the potential implications for individuals and businesses operating in the space?
Martina
Fri Jun 07 2024
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5 answers
1505
Is Malaysia crypto friendly?｜Malaysia is tax-friendly for individual crypto investors: there is no capital gains tax, so you will not be taxed for any profit from selling crypto.
Is Malaysia crypto-friendly? This question arises among many investors eyeing the potential benefits of cryptocurrency trading in this Southeast Asian country. Malaysia, it seems, offers a tax-friendly environment for individual crypto investors. There's no capital gains tax, which means that any profits made from selling cryptocurrency are not subject to taxation. But does this alone make Malaysia crypto-friendly? What about the regulatory framework? Are there any restrictions or guidelines that investors should be aware of? Furthermore, how does Malaysia's attitude towards crypto align with its overall economic policies? Delving deeper into these aspects may provide a more comprehensive answer to the question of Malaysia's crypto-friendliness.
