Is the Director’s Remuneration Tax Deductible?
By José Ignacio Alemany Bellido.
Commercial companies are now the natural environment to undertake business activities for profit, especially if the liability of the partners is wanted to be limited to a certain amount. That profit or benefit will result from the algebraic sum of the positive and negative income, as obtained in a certain year, all of that (the condition of income, the amount thereof and the timing that it is understood that it was obtained, i.e. the what, how and when) according to principles that are set out in the Commercial Code and developed in the General Accounting Plan (GAP).