Please advise does a company need to pay GST for foreign currency gain or loss

Asked on March 27, 2017 2017-03-27 03:28:25 Business (商家)
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4 Answer(s)

Answered on March 27, 2017. 2017-03-27 05:42:26
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No need to pay GST on foreign exchange gain.

Info from Customs (25/08/2015), we need to declare net gain only, if there is net loss, we report it as NIL

Example:

If realized gain is RM1000 and realized loss is RM200, the net amount is +RM800, we declare it as RM800.

If realized gain is RM300 and realized loss is RM700, the net amount is -RM400, we declare it as NIL.

(Please refer the earlier answer above).

Answered on March 27, 2017. 2017-03-27 05:45:01
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this must be declare? Compulsory?

Answered on October 26, 2017. 2017-10-26 09:16:59
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Yes.

Answered on October 31, 2017. 2017-10-31 03:21:10
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