A church that is supported by donations
A church that is supported by donations
Question:
Hello!
I would like to ask about the requirements for religious denominations. We are talking about churches that do not have paid employees, which support themselves through voluntary donations. A church building is under construction, for which it may be necessary to open a bank account for collecting donations.
Thanks in advance!
Answer:
Hello,
From a tax and accounting perspective, it is appropriate to register a Non-Profit Company through which you can carry out the activity you described. Donations will need to be reported, as well as what they were used for (materials, services, labor, etc.). Accordingly, annual reports on the activities of the Non-Profit Company must be submitted.
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Best regards!
