This provision is included in the draft budget and tax policy for 2027, which the Ministry of Finance has submitted for public consultation.
As a reminder, under current law, monetary gifts received by individuals are considered a non-taxable source of income. However, the person making the donation is subject to taxation only if the amount of the donation exceeds the total amount of their income received during the tax period in which the funds were transferred.
The Ministry of Finance proposes to change this approach by excluding from taxable income only transfers between first-degree relatives. These include children, parents, and spouses.
The explanatory notes to the draft note that this measure is intended to prevent the use of gifts for tax evasion. Additionally, the proposal will broaden the tax base, increase the transparency of cash flows, and reduce opportunities to conceal taxable income.
It is also specified that in the event of receiving a gift from a legal entity, the obligation to declare and pay income tax will fall on the individual recipient.
