the ChristmasIt can be a time for gifts and celebrations, but also a time of stress when we try to find the perfect detail and the other person loves it. Like this, many people prefer the simplest solution: distribute the money and everyone can buy what they want.. But the truth is that this can cause problems for the recipient of such an “original” gift.
tax authorities warned that all the money we give must be declared. In fact, as explained by the Tax Office, There is no minimum amount that must not be declared, therefore any amount of money must be transmitted. And if we don’t, the gift could result in disgust and economic sanctions.
this money donation It is considered by the Tax Office as an act of freedom in which a person offers something for free in favor of another person who accepts something. This includes christmas giftstip that your grandmother secretly gave you and a bonus of 50 euros from your aunt, i.e. Any amount of money given on these dates must also be declared as a donation.. Well, in the eyes of the law this is considered a money transfer for which Inheritance and Gift Tax must be paid.
If you donate at Christmas, It is important to submit the tax return to the Treasury within 30 working days. or otherwise, the Tax Office may impose some form of economic sanctions.
Nevertheless, Giving money as a gift is generally a very common practice and the amount to be declared tends to be minimal. and therefore very hard to controlLike this Treasury usually does not act in these situations.. But in any case, it’s important to know that this is considered a donation and that we should take this into account when it comes to suspicious activity.
Then, If you are going to give or receive money as a gift this Christmas, be sure to declare it to the Treasury. to avoid potential problems and economic sanctions. Although the amount is small, it is important to comply with the law and avoid potential problems in the future.