If you are a director of a company, you are obliged to submit an income tax return to the Irish Revenue by the 31st October following the end of the tax year.

The annual tax return needs to include your directors’ salary, remunerations and fees and all other sources of income you had during the tax year (such as other PAYE income, dividends, deposit interests, etc.), notwithstanding the fact that all of your income may have already been taxed at source under the PAYE system.

There are, however, some exceptions. For example, non-proprietary directors and unpaid directors are excluded from the general rule and usually not required to file income tax return. In simple terms, proprietary director is a director of a company who owns or is able either directly or indirectly, to control more than 15% of the ordinary shares of the company.

If you are or planning to become a company director in the near future, then we can help you make the most of your position. Our experienced tax specialists developed a friendly tax questioning pack ensuring you will not miss any reliefs and tax deductions you may be entitled to.

Your dedicated Account Manager will process your tax return and advise you along the way.