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Re: Gifts received from clients

Newbie

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Hi team, we sometimes receive gifts from clients. Is there any tax obligation we need to fulfil? Or is there a limit for the value of the gifts we can receive? Thank you for your help.

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Devotee

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No, there may be tax obligations or consequence for the person giving the gift - not the recipient.

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Most helpful response

Devotee

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No, there may be tax obligations or consequence for the person giving the gift - not the recipient.