• 5% separate tax for directors' insufficient remuneration has been binned
Articles:

5% separate tax for directors' insufficient remuneration has been binned

05 July 2019

The law from the end of 2017 that reformed corporate tax introduced a separate tax of 5% if company directors received too little remuneration. However, even before a single corporate income tax return was submitted for assessment year 2019, this separate tax had already been withdrawn. What, exactly, is the truth of the matter?