This is what the churches and religious cults in Colombia earn

This is what the churches and religious cults in Colombia earn

Last week, with the approval in the first debate of the tax reform, the proposal that seeks that the Churches of the country pay a 20% tax on income was also approved.

(Churches would pay 20% income tax with the tax).

This initiative was included in the fiscal reform that is advancing in the Congress and its author was the House Representative, Katherine Miranda, who celebrated the passage of her proposal.

“We are very happy with the approval of our article that taxes churches. It is a 20% income tax for all economic activities outside of ritual, worship, charity or education. It is a great advance in case some churches behave like companies, so they pay like companies”, the Representative said in a video in which she celebrated the decision.

Justly, The congresswoman has stated that if some churches carry out commercial and business activitiesthey must pay taxes as companies and not have access to special treatment.

(How much would the country receive if churches paid taxes?).

For this reason, churches would be forced to pay this 20% income tax unless, as the text points out, they are “recognized by the Ministry of the Interior or by law, with respect to income from activities associated with religious work, worship, rites, practices that promote attachment to religious sentiments in the social body, or educational activities or charity”.

Churches.

According to Dian reports, churches and religious cults in Colombia registered gross income in 2019 and 2020 of $4.7 billion and $4.1 billion, some of them through bookstores, cafeterias, vacation centers, hotels, shops, parking lots, radio stations and television channels, among other businesses that have nothing to do with the cult.

(The changes that have the taxes for pensioners in the tax).

Gross estate in those years is estimated to have reached $13.5 billion and $12.5 billion, respectively. While his net worth was $12.3 billion and $11.4 billion.

The figures mentioned were declared before the Dian, but not the payment of income tax. If this article is approved with the tax authorities, they would pay a lower rate than that paid by other companies of 20%.

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