Foreign gift in the form of donations?
By Marc Sevitz · Updated
How much can I receive as a SA taxpayer receiving a gift from an overseas Foundation?
Amount is $100,000.
Amount is $100,000.
Donations tax is payable by the donor and not the recipient. However, there is no donations tax on donations from a non-SA resident to a SA resident. You would need to declare this gift though in your Tax Return as an "Amount not considered to be taxable" and it would not attract tax.