Receiving funds from abroad - tax implications?
By Marc Sevitz · Updated
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?
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.