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JJReyes
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Posted
9 hours ago, Jollygoodfellow said:

I thought all church dealings are tax free? 

If the parish church has a store selling religious books, candles, rosary beads, etc., it could be considered a commercial enterprise. Other money raising activities such as raffles, bazaars, bingo nights, etc. are considered a gray area.  The church and parsonage are traditionally tax free properties. But what happens if the parish builds a center you can rent for wedding banquets, family parties and dances? 

I recall some 30 years ago, there was controversy because the Vatican had invested in South America businesses including a bra factory. Were the profits taxable income or tax free because the money was going to build or repair schools and churches?

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Jack Peterson
Posted
Posted
10 hours ago, JJReyes said:

But what happens if the parish builds a center you can rent for wedding banquets, family parties and dances? 

**Churches and religious organizations are generally exempt from income tax and receive other favorable treatment under the tax law; however, certain income of a church or religious organization may be subject to tax, such as income from an unrelated business.**

taken from a BIR update  PDF so it would need to be searched as to long to put here

Jack:smile:

Morning All :photo-109:

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