Does a director of a company have to register as a tax payer by law? Please give ref to the relevant
By Marc Sevitz · Updated
Does a director of a company have to register as a tax payer by law? Please give ref to the relevant Act. Thank you.
Directors are deemed to receive an income from the company in cases where they do not receive an actual monthly payment. Therefore this implies that directors would need to be registered taxpayers. You can find this in the 4th schedule of the Income Tax Act.
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