We wanted to have tax applied on realized exchange rate gain or loss.. how is it possible?

Hi,

this is required in Malaysia, as the realized gain or Loss are need to be taxed and reported. Our client does bank account transfers for USD bank account to MYR bank account. And while clearing, user will enter the actual rate that bank has executed the transfer transaction. there will always be a difference and this difference is automatically accounted in the realized exchange rate Gain/Loss account. So, as per the statutory requirement all the realised gain or Loss amounts should be tagged to a tax code and need to be reported. So, how can I be able to apply??