The Supreme Court rules that the remuneration of directors in a commercial entity, ascertained and provided for in the articles of association of the company, is not considered a non-deductible liberality, even if it was not approved by the general meeting of shareholders. In the case of a sole proprietorship, approval by the general meeting… Continue reading Tax Advisor: The Supreme Court allows corporate income tax deductions for the remuneration of directors and sole shareholder, without the need for approval by the general meeting of shareholders
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Tag: remuneration
Tax advisor: Can the remuneration of the partner/administrator/empowered be deducted if it is duly registered and supported by documents?
The contested ruling holds that even if the spouses do not perform the activities invoiced and the partnership hires third parties for such activities, the same conclusion cannot be applied to them due to their status as absolute owners and controllers of the partnership, which precludes considering their relationship as an employment relationship. The Supreme… Continue reading Tax advisor: Can the remuneration of the partner/administrator/empowered be deducted if it is duly registered and supported by documents?
Tax advisor: Possibility of deducting the remuneration of the directors of a company in the Corporate Tax
The consideration of the deduction as an expense of the partners’ salary in Corporate Tax has been the subject of controversy between the Tax Authorities and the companies, an issue on which the Supreme Court has issued several opinions, although not in an enlightening manner. In the recent Supreme Court Ruling of June 27th (not… Continue reading Tax advisor: Possibility of deducting the remuneration of the directors of a company in the Corporate Tax