ringgitplus2026-05-0615 min read
Cryptocurrency Tax In Malaysia Depends On How You Use It
Check out the link for the RInggitPlus + ThinkTx curated Article by Our Tax Professionals.
This article explains that cryptocurrency tax in Malaysia depends on the nature of your activity rather than the specific asset. While long-term "buy and hold" investors are generally exempt from tax, those engaged in frequent trading, mining, or staking are likely subject to income tax. According to LHDN’s updated 2025 guidance, even token-to-token swaps are considered taxable events. The guide stresses the importance of meticulous record-keeping using the First In, First Out (FIFO) method. Active traders should declare their gains as business income via Form B to remain compliant with Malaysia's evolving digital asset regulations.
This article explains that cryptocurrency tax in Malaysia depends on the nature of your activity rather than the specific asset. While long-term "buy and hold" investors are generally exempt from tax, those engaged in frequent trading, mining, or staking are likely subject to income tax. According to LHDN’s updated 2025 guidance, even token-to-token swaps are considered taxable events. The guide stresses the importance of meticulous record-keeping using the First In, First Out (FIFO) method. Active traders should declare their gains as business income via Form B to remain compliant with Malaysia's evolving digital asset regulations.
Curated by Steffi Manisha Arokiam, Associate Director, both at ThinkTx Consultants Sdn Bhd.