24 May 2024

Balance Sheet Bonuses - tax implications 2024

When approving the accounts of commercial companies, the shareholders can allocate part of the profits for the financial year to balance sheet bonuses to employees. These are a way of distributing part of the profits generated by the company to employees (including managers), based on the company's results for a given financial year. 

Find out about the tax framework for corporate income tax, personal income tax and social security.

Nuno Filipe Henriques

 Photo from Pixabay

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