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Directors fees

Newbie

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On the company tax return, under which expense do I record directors fees and the SGC for these fees.

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ATO Certified Response

Former Community Support

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Hi@ Tom2200,
 
Thanks for  your question. If you have allowable director’s fees deductions, you’ll claim:

Check out Taxation Ruling IT 2534 Income Tax: taxation treatment of directors fees, bonuses etc. to find out more about the deductibility of these expenses.

 

Thanks!

1 REPLY 1

Most helpful response

ATO Certified Response

Former Community Support

Replies 0

Hi@ Tom2200,
 
Thanks for  your question. If you have allowable director’s fees deductions, you’ll claim:

Check out Taxation Ruling IT 2534 Income Tax: taxation treatment of directors fees, bonuses etc. to find out more about the deductibility of these expenses.

 

Thanks!