The assets of the brotherhoods and their management. Economy, financing and taxation

Abstract

This article addresses the wealth management, economy, financing and taxation of the Brotherhoods of Seville. These entities have their own economic regime, based on internal and external self-financing. Its economy, far from being simple, is complex and professionally managed. The internal financing is supported by the quotas of brothers, divided into unified and not unified, and donations, both brothers and faithful. In addition, they receive grants from the Seville Council of Brotherhoods.

The Economic Affairs Council, which is binding on each Brotherhood, oversees economic management. The Brotherhoods must present annual accounts and budgets, regulated by the Archdiocese, to avoid misuse of resources, the Governing Board may incur responsibility, and being obliged to take out insurance.

The patrimony of a Brotherhood includes tangible and intangible goods, being managed under ecclesiastical supervision. Liabilities include debts and obligations, such as loans and debts to suppliers.

As far as taxation is concerned, the Brotherhoods can opt for the general scheme or benefit from Law 49/2002, with tax benefits. They must file a corporate tax return and meet certain requirements, such as allocating at least 70% of income to general interest purposes. Brothers can deduct their donations in the IRPF according to Law 49/2002, being beneficial for both the Brotherhood and the brother.

In summary, the text addresses in detail the economic and fiscal structure of the Seville Brotherhoods, highlighting the importance of professional management and compliance with ecclesiastical and fiscal regulations.