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Will I pay tax in Germany on money sent to me by my friend who lives in the US?

Personal Finance & Money Asked on February 23, 2021

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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