DLP Insights

MEMBER OF THE BOARD OF DIRECTORS: TAX-DEDUCTIBLE PAYMENTS

Catégories: DLP Insights, Legislation

08 Oct 2010
The Tax Committee of the Chamber of Deputies answered to an official request specifying that the payments to the member of the board of directors are tax-deductible from the business income if concerning the business itself, aspect to be evaluated each time. The said answer could represent a deterrent for the Authority aimed at not observing ordinance no. 18702/10 of the Supreme Court on the supposed non-deductibility of the above mentioned payments in the case of corporations’ directors. The Court, in any case, believes that the Committee’s answer is not binding. For a definitive solution of the matter a judgment of the Court “Sezioni Unite” will be necessary.

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