background image
6.5.6. Special Remunerations (E.g. Bonuses and Directors’ Fees)

Directors’ fees, bonuses and similar remunerations paid by a company are deductible where the company is definitively committed to the payment thereof. This may be evidenced in the passing of an authorized resolution to pay a bonus or incurring a legal liability to do so. Whether such a commitment exists may usually, but not necessarily always, be determined with reference to the provisions contained in the company’s articles of incorporation.