Director Salary / Fee

carlsnene

老板的SALARY = 10000

EPF 11% & company 12% = 2300

现在 convert to Director Fee

so noneed EPF alrdy...
but the 2300 i wan to pay director insurance saving plan, is it possible?

how was the account entry be?

but the actual 12% is extra from Company not including to director income tax, if i contribute to saving plan, so director income tax will have to tax on the 12% lo?

lex1314

but the 2300 i wan to pay director insurance saving plan

最好是这样做：
Dr  Amount Owing by director
Cr  Bank

director income tax will have to tax on the 12% lo?

你老板的personal income tax是根据他的收入多少之后扣出来税后的数字来计算他要被tax多少的。最高26%

carlsnene

可是公司要expense & - tax

lex1314

你可以把director insurance saving plan 放进公司的expenses，反正tax都是会被add back的。都没有的扣税的

ks_w

那个12%可以转换成allowance. 但是呢，公司就需要contribut EPF on 这个allowance的。

为何不把所有的amount都转换成director fee呢？这样公司不需要contribute EPF的。反正director收到这些钱还是要中personal income tax的。

p/s: allowance or director fee 都可以进公司账里，而不需要add back的。


回复 1# carlsnene

ihateaccountax

Director fee 是一定要報在 director personal income tax 的

如果 Director 沒有報 personal income tax. PENALTY according the Income Tax Act 1967 law.

公司要報EA form 給 director. 如果公司沒有給EA form. PENALTY according the Income Tax Act 1967 law.

如果Director 沒有報 personal income tax & 沒有給EA form, income tax department 會 disallow 你的director fee, 重头算過你那年的公司tax再加上 PENALTY according the Income Tax Act 1967 law.