Company owners may withdraw funds from their business in various ways, each with different tax consequences.
The most common forms include:
-
dividends,
-
director’s salary,
-
expense reimbursements,
-
loans to the owner.
Problems arise when payments are not properly documented or classified. In such cases, tax authorities may reclassify the income, leading to additional tax liabilities.
These situations are regularly reviewed during inspections by FURS.
➡️ Practical advice: The tax treatment of owner payments should be carefully planned in advance.
CTA:
👉 Before making payments, we can help determine the most tax-efficient approach.