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A friend wants to send me money as a gift to help me with a few of my plans, my friend lives in the US, and I live in Germany (Berlin).

Will I have to pay any tax on this money? Do I need to declare this to any authority (IRS or German authority)?

If not, then how much can I receive per year?

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  • Is this a legitimate gift? In which case your friend has no expectation of ever getting any money back no matter how successful your plans are? Or is is a loan and/or an investment where your plan is to start a business and your friend expects to at least get his money back at some point in the future if your business is successful? Jan 22 at 16:00
  • It is a scam. You will go to jail for money laundering.
    – Fattie
    Jan 22 at 23:40
  • It is a gift, my friend won't get their money back whatsoever, I don't know what I'll do with the money as it's a gift, I'll probably buy a PS5 or something! And why would it be a scam or money laundering?
    – Kareem
    Jan 23 at 11:35
  • Thanks a lot @RonJohn, I'm gonna spend some time today and read this article you shared, looks like it will have all the answers!
    – Kareem
    Jan 23 at 11:46

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