{"id":15185,"date":"2023-04-17T15:52:50","date_gmt":"2023-04-17T15:52:50","guid":{"rendered":"https:\/\/www.accountable.de\/deductions\/directors-compensation\/"},"modified":"2023-04-17T15:52:50","modified_gmt":"2023-04-17T15:52:50","slug":"directors-compensation","status":"publish","type":"deduction","link":"https:\/\/www.accountable.de\/en\/deductions\/directors-compensation\/","title":{"rendered":"Director\u2019s compensation"},"content":{"rendered":"\n<h2 id=\"the-company-directors-remuneration-is-fully-deductible\" class=\"wp-block-heading font-degular scroll-mt-32\">The company director\u2019s remuneration is fully deductible.<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">When your company, a BV, SRL, NV, SA, or any other form of legal entity, pays its director (you), it is a deductible expense.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">This remuneration will be 100% deductible.<\/p>\n\n\n\n<h2 id=\"withholding-tax-and-social-security-contributions\" class=\"wp-block-heading font-degular scroll-mt-32\">Withholding tax and social security contributions<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\"><strong>The director\u2019s compensation will be subject to withholding tax<\/strong>, which will generally be declared (on <a class=\"font-inter text-purple underline underline-offset-1\" href=\"http:\/\/FinProf\">FinProf<\/a>) and paid by the company (<a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/finances.belgium.be\/fr\/entreprises\/personnel_et_remuneration\/precompte_professionnel\/declaration#q1\">full details here on the SPF\/FOD website<\/a>). The amount of the withholding tax depends on your personal situation (status, dependent children, etc.).<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">As a director, you therefore generally receive a \u2018net\u2019 remuneration: you will no longer have to pay tax on this remuneration.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">As a director again, like all independents, you are also required to <strong>pay social contributions<\/strong>, which are calculated on the basis of your remuneration as an executive.<\/p>\n\n\n\n<h2 id=\"pay-slip\" class=\"wp-block-heading font-degular scroll-mt-32\">Pay slip<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">Directors\u2019 compensation should be the subject of a 281.20 form, which must be submitted to <a class=\"font-inter text-purple underline underline-offset-1\" href=\"https:\/\/finances.belgium.be\/fr\/E-services\/Belcotaxonweb\/comment-utiliser-belcotax-on-web\/introduction_des_fiches_envoi_par_encodage\">Belcotax-on-web<\/a> by 1 March of the following year at the latest.<\/p>\n\n\n\n<h2 id=\"what-if-you-are-a-natural-person\" class=\"wp-block-heading font-degular scroll-mt-32\">What if you are a natural person?<\/h2>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">If you are a self-employed natural person (<em>eenmanszaak<\/em> \/ <em>personne physique<\/em>) and you transfer yourself money (by bank transfer, for example), this does not count as a business expense: you are not dealing with two separate entities. <em>It is merely a transfer of funds.<\/em><\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">As a natural person, you cannot \u201cpay yourself a salary\u201d, at least from an accounting point of view. It makes no sense.<\/p>\n\n\n\n<p class=\"font-inter text-base leading-relaxed mb-4 first-of-type:mt-0 text-black wp-block-paragraph\">That said, you can of course transfer funds to another bank account, without the slightest worry \ud83d\ude09.<\/p>\n","protected":false},"featured_media":0,"template":"","deduction_tag":[562],"class_list":["post-15185","deduction","type-deduction","status-publish","hentry","deduction_tag-remunerations"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Director\u2019s compensation | Accountable<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.accountable.de\/en\/deductions\/directors-compensation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Director\u2019s compensation | Accountable\" \/>\n<meta property=\"og:description\" content=\"The company director\u2019s remuneration is fully deductible. When your company, a BV, SRL, NV, SA, or any other form of legal entity, pays its director (you), it is a deductible expense. This remuneration will be 100% deductible. 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When your company, a BV, SRL, NV, SA, or any other form of legal entity, pays its director (you), it is a deductible expense. This remuneration will be 100% deductible. 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