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Malaysia’s tax officials play their cards as collectibles turn into money-spinners

Malaysia’s tax officials play their cards as collectibles turn into money-spinners
South China Morning Post Wednesday 17 June 2026, 02:10 UTC By The Star 1 min read
Key Points

With the card-collecting hobby turning into a moneymaking venture with thousands of ringgit moved in single transactions, Malaysia’s tax authorities are keeping a close eye out for any tax discrepancies and doing audits to clarify statuses. The Inland Revenue Board (LHDN) said it is aware of the growing market for high-value collectibles, in particular trading cards, and urged collectors to be aware of tax responsibilities if their hobbies are deemed to be business transactions.

With the card-collecting hobby turning into a moneymaking venture with thousands of ringgit moved in single transactions, Malaysia’s tax authorities are keeping a close eye out for any tax discrepancies and doing audits to clarify statuses. The Inland Revenue Board (LHDN) said it is aware of the growing market for high-value collectibles, in particular trading cards, and urged collectors to be aware of tax responsibilities if their hobbies are deemed to be business transactions. “We are aware of... [Image text:] BAsIc DragoniteV 230 360 Mega Charizard Xe Mewex Pikachu Shred Restart Dragon Gale Nursie toeach of yo ind Resiston PM Thnee
Malaysia (LOCATION) The Inland Revenue Board (ORG) LHDN (ORG)
Originally published by South China Morning Post Read original →

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