In many of the countries, there is a limit after which the income is taxable. For example, here in India you can show income up to Rs. 50,000 as gift from strangers. After that amount, you need to pay taxes on the additional amount.
That's worth of $720, correct me with the exchange rate.
$1 = Rs 69.14
In some countries, that kind of amount should be taxed already whether it is a gift or in kind or income.
So signature campaign income is considered a gift in some countries?
Can you please clarify this, I know different taxation law in different countries, it's necessary how we treat out income in signature campaign for tax purposes.
I guess so, base on what he said you can declare that an income made on their country can be a gift from strangers including signature campaign profit.
But I think this only applies to their country because converting that amount of example looks high in other countries and it's already taxable.