Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Hey Dexxter community,
This year, I took part in the JEZ fundraising campaign, where I managed to raise €3,720. I recently received on the promised amount from the King Baudouin Foundation. However, I am facing a challenge regarding the accounting treatment of this sum and the possible tax obligations associated with it. Is this amount received considered income and subject to taxes? I would appreciate advice on the correct way to process this.
No, I don't think so. There is no repayment obligation or anything like that, right? It's not a loan, there's no interest, etc.
Just a kind of sponsorship, so to speak? If so, I don't think it will have any impact on your accounts.
Interesting question. Was the fundraising straightforward?
No, not really, because I collected it on my own, but it was a very enjoyable and educational experience. I have never had to think so outside the box before.
That's impressive!
Thank you!
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
