Directors' Fees
Directors' Fees
Directors’ fees include payments to the director of a company, or to a person who performs the duties of a director of the company.
Directors’ Fees may include payment to cover travelling costs, costs associated with attending meetings and other expenses incurred in the position of a company director. The full amount of the payment must be reported, specifically the full pre-sacrifice value of the fees, before any salary sacrifice may be deducted from the amount.
- These payments are ordinary time earnings and tax is to be withheld using the same tax table applicable to salary and wages.
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