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Paying tax on international cash gift.

Posted 28 November 2015 under Tax Questions



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Jeane says:
27 November 2015 at 10:37

I'm an SA citizen who is currently based in New Zealand for a couple of years. I'm going to SA for a holiday and have sent money to one of my bank accounts to use as spending. The money has been sent electronically and my reason was a gift to myself. Will I be paying tax on this amount in SA?

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TaxTimTaxTim says:
27 November 2015 at 13:44

How long have you been living out of South Africa?


Jeane says:
27 November 2015 at 18:50

from April this year


TaxTimTaxTim says:
28 November 2015 at 0:15

Provided that money was no earned in SA or you have already paid tax on it then it will be ok to spend it in SA without paying more tax.


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