Receiving gift $ tax?

[kenzon]

If my parent giving 1m as gift. Do I need to pay tax or my parent need to pay gift tax?

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[zeroX26]

If my parent giving 1m as gift. Do I need to pay tax or my parent need to pay gift tax?

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Did you pay tax for your CNY ang baos ?

That should answer your question.

 

[kenzon]

Did you pay tax for your CNY ang baos ?

That should answer your question.

How about giver ?

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[kletian]

If my parent giving 1m as gift. Do I need to pay tax or my parent need to pay gift tax?

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Depends on your nationality and tax residence.

 

[kenzon]

Depends on your nationality and tax residence.

Sg/sg

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[kletian]

Then no
10 char