YOU DON’T PAY TITHE ON YOUR CAPITAL—ONLY ON YOUR NET PROFIT.” — BISHOP DAVID ABIOYE

“YOU DON’T PAY TITHE ON YOUR CAPITAL—ONLY ON YOUR NET PROFIT.” — BISHOP DAVID ABIOYE

Bishop David Abioye has explained how business owners can calculate their tithe, stating that tithing should be based on net profit, not on capital or gross income.

Responding to a question during a teaching session, Bishop Abioye said the biblical principle of tithing applies to business owners just as it does to salary earners, but should be calculated differently.

According to him, business capital should not be included when calculating tithe.

“You don’t tithe your capital,” he said.

The bishop explained that after separating the capital invested in the business and deducting all legitimate business expenses, the remaining net profit is what should be used to calculate the 10 percent tithe.

“You don’t tithe on gross profit. You tithe on net profit… Whatever you call your own from the business is what you are expected to tithe,” he said.

Using the example of a major contract, Bishop Abioye noted that the money used to execute the project and other operating expenses should first be deducted before determining the amount on which tithe is paid.

He added that while some business owners may choose to give more than 10 percent, such giving should be regarded as a personal decision rather than the biblical tithe.

According to him, 10 percent is what he believes Scripture requires as tithe, while offerings and sacrificial giving are voluntary acts of worship.

“Tithe is 10 percent. What God demands is 10 percent. Any other thing is what you decide,” he said.

Bishop Abioye concluded by emphasizing that business owners should pay tithe on net income, saying this helps ensure they do not mistakenly tithe on their capital.

What are your thoughts on Bishop David Abioye’s explanation of how business owners should calculate their tithe?