The Inland Revenue Board of Malaysia (IRBM) has issued new technical guidelines dated 26 August 2022 on the tax treatment of digital currency transactions. The new guidelines are meant to provide further guidance in addition to the brief guidance on the tax treatment of digital currencies or digital tokens as provided by the Guidelines on Taxation of E-commerce Transactions (2019). Key points of the new guidelines include: In general, the taxability of digital currency transactions in Malaysia is based on Section 3 of the ITA 1967 where income of any person accruing in or derived from Malaysia or received in...