Company director salary

Company director salary

In spending money in the company, it is necessary to have a clear document where it is spent. what to spend In order to be able to calculate the money that goes in and out and plan the use of money further With the company owner, the same principles apply. Because the company's money is the central money. to take in-out must be clear

form of payment

Payments to owners can take many forms depending on their purpose or need. which can be divided as follows

bonus

Can be deducted as company expenses. Taxes reduced by 20%. Must include bonuses to pay taxes. There should be good tax planning. It's not just the owner's or company's taxes.

dividend

The owner can not include this money in the income of an individual. and agree to pay 10% tax.

Extra service fee

such as company consulting fees Fee for additional services Or as a payment to someone outside the company by deducting 3%

rent

If the owner's property is used by the company, 5% tax can be deducted or the rent can be used to pay the tax on the amount of rent. The amount of rent must also be calculated as personal income.

salary

Compensation for company owners, also known as salaries. can be deducted from various taxes or can be deducted as expenses of the company The company will have to pay 20% tax depending on the personal income tax rate.

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