Do I have to pay the Treasury for gifts from the Three Kings? These are the cases in which you must go to checkout
The union of technicians of the Ministry of Finance, Gesthahas assured this Monday, the eve of the Three Kings’ holiday, that people who receive gifts for this day will not have to pay taxes in the Inheritance and Donation Taxunless they are of high economic value.
The union has clarified that neither the state tax agency nor the regional agencies have control over gifts from kings, except when significant amounts of money are received. money, a property, a vehicle or a jewel of great value.
It is in these cases when, according to Gestha, the regional tax authorities could require the declaration and the possible payment of the Donation Taxaccording to kinship or the criteria established in each autonomy.
Thus, the union rules out any type of action in the most common and frequent cases these days, although it specifies that receiving large sums of money is “carries tax obligations”.
