Do you know if the tax bands for employees can also apply to directors of a co....ie assuming 2 married directors..can director 1 earn 41,000 @ 20% and director 2 earn upto 23,000 at 20%?
Many thanks,
Do you know if the tax bands for employees can also apply to directors of a co....ie assuming 2 married directors..can director 1 earn 41,000 @ 20% and director 2 earn upto 23,000 at 20%?
Many thanks,
The standard rate cut off and credits that apply for employees also apply for a company director as they would be and employee
HOWEVER, the PRSI rate may differ if the director is a controlling sharerholder, then, the director is treated as a self employed PRSI payer and the company does not have an employers PRSI liability, the rate for such PRSI is 5% no ceiling unlike employees PRSI