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