Borrow €80,000 from your company - and you could face:

• 20% withholding tax to Revenue
• BIK at 13.5%
• Income tax if the loan is written off
• Company law lending cap of 10%

Don’t get caught out.

taxunwrapped.ie

#taxtips #directorsloans #irishbusiness #taxplanning #companylaw

Two directors tried to dodge tax by withdrawing over €400,000 tax-free in fake travel expenses. Flights, mileage,
hotels, meals — all logged on a spreadsheet Revenue didn’t believe.

#taxtips #taxstrategy #taxplanning #directorsloans #companytax #expensesclaim
#irelandbusiness