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RE: How to withdraw Steem Dollars to your local Malaysian Bank Account - PART 1

in #teammalaysia7 years ago

I see - guess it is the same (more or less) to get money to another country as well. Is your country not asking where the money is coming from and for what?? (tax reasons??)

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The same rules apply for ever country I guess. Taxes will come after you if you do larger amounts of withdrawal. Best to cash out smaller amounts at a time

that is correct, in any country it will be applied the same way, never EVER cash out large amounts unless you are ready to be declared in Income tax.