Only donations from parents and loved ones exempted, he adds.
There is no law that says that foreign donations are exempted from taxes, says tax expert Veerinderjeet Singh.
“If someone gets a donation, but not from parents or a child, the question arises: why did you get it?” he said on the sidelines of 'Malaysia Baru’s Tax Reform Agenda – What’s Next?' conference today. “If the party received it, it is not taxable. It is taxable if the funds were divested into property and such. But when an individual receives it, that’s different,” he said, adding that it was important to establish the main purpose of the donation and its origin.
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