2.- Partner who has less than 50% of the share capital and his position is paid for in the bylaws .
In this case, depending on the nature of the services provided, he will be paid as follows:
• He will be paid for the administration services by salary .
• If he also provides other services , it will be necessary to consider whether they are classified as employed or self-employed work. If he is considered to be employed, he will be paid a salary, with withholding according to the tables. If he is considered to be self-employed, he must issue an invoice.
If the company's bylaws phone number for thailand specify that the position of director is free of charge, the remuneration may be classified as employment income, if it is derived from a business activity, or economic activity, if it is professional. In order to quantify the remuneration, the rules on related-party transactions must be taken into account.
When the decision is made to form a company, one of the issues that must be addressed is how much the partners who will provide services to the company should be paid. Payment for services derived from the activity to be carried out should not be confused with payment as an administrator or director.
The position of director is similar to that of administrator, so whoever performs it must be paid by salary with a fixed withholding rate stipulated by law. However, the performance of an occupation related to the corporate purpose is something that must be valued appropriately and not at the convenience of the person performing it.