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-   -   Tax implications on overseas transfers (https://www.askmehelpdesk.com/showthread.php?t=502314)

  • Aug 27, 2010, 05:31 AM
    Terrykilpatrick
    Tax implications on overseas transfers
    If a South AFrican resident is sending a gift within the legal limits to Sweden. Would the third party in Sweden be liable for paying tax on thye amount received?
  • Aug 27, 2010, 10:05 AM
    wnhough
    QUOTE," . . . Would the third party in Sweden be liable for paying tax on thye amount received?"---No. There is no inheritance/Gift tax in Sweden For reference, in the US, a donor generally pays the gift tax. Under certain arrangements,i.e. a net gift, the donee may pay the tax instead. In some countries, a donee usually pays gift tax on the gift that he/she receives.

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