sandyh2001in
Registered User
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Is the below something that's possible and legal:
1. Appoint a non resident of Ireland or EU as Director of my Irish limited company.
2. Pay Director fee/ salary to him, similar to how I am paying myself as Director.
How will the taxation work? Wll this fee or salary be deductible fr corporate tax purposes from the company? Will there be PAYE/PRSI/USC to be deducted for the non resident director?
The non resident director will declare this income in country of residence and pay the appropriate taxes there.
1. Appoint a non resident of Ireland or EU as Director of my Irish limited company.
2. Pay Director fee/ salary to him, similar to how I am paying myself as Director.
How will the taxation work? Wll this fee or salary be deductible fr corporate tax purposes from the company? Will there be PAYE/PRSI/USC to be deducted for the non resident director?
The non resident director will declare this income in country of residence and pay the appropriate taxes there.