Benefits in kind for directors Definition. As a director, you receive a benefit of any kind (ATN) when you make private use of company property, such as a car, telephone or home, without compensating the company. Taxation. These benefits are…
Remuneration conditions. To qualify for the reduced rate of 20% on the first €100,000 of your small company’s profits, you must receive a minimum annual remuneration of €45,000 as a director. This rule applies to every company where you are…
Make advance payments to avoid penalties? Not mandatory, but recommended. Whether you’re a sole proprietorship or a partnership, VAs are not mandatory. However, if the tax due is not sufficiently covered by VA, a penalty of 9% will be applied…
VVPR-bis The VVPR-bis scheme offers a reduced rate of withholding tax (Pr M) on dividends from cash contributions to “small” companies. These contributions must be fully paid up at the time of issue of registered shares, without preferential rights, made…
If you, as a director of your company, receive certain benefits of any kind, for example for the private use of a company car, you must satisfy the theory of remuneration. What exactly does this mean? And what should you…