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Receiving funds from abroad - tax implications?

Posted 8 March 2016 under Tax Questions



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Louise says:
8 March 2016 at 12:57

What is the tax implications of receiving funds from abroad as a genuine gift? Is there a cut off amount, before SARS considers it to be a proper income, of which I would need to pay tax?

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TaxTimTaxTim says:
8 March 2016 at 13:35

Donations tax is payable by the donor, and not the recipient. However, donations made by a non-resident donor to a SA tax resident are exempt from donations tax. Please read our blog on Donations Tax for further details.


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