In most SMEs, administrative work is considered unpaid. Partners are usually paid for commercial, productive or administrative functions. In the case of professional services, payment must be made by invoice. If they are business services, payment must be made by payroll. However, in any case, the amount cannot be set based on the company's liquidity, the profits obtained or the partner's needs. Partners must be paid for specific work and valued as if it were provided by a third party and not by someone who belongs to the company.
engineering services, he must issue an invoice detailing the services provided valued at market price. If it were, in the case of a factory worker, he will receive a salary similar to what he would receive in a company with similar characteristics for similar work. The job position, the agreement and all the factors that determine the amount of an employee's salary must be taken into account .
The most convenient thing to phone number for thailand do is to draw up a contract for the provision of services or for senior management in which the tasks that the partner is going to perform are specified, detailing the schedule, the work day and the agreed remuneration. The provision of services to the company itself is a related-party transaction that must be reflected in the annual accounts report that is presented in the Commercial Registry . The valuation of these operations is not free and must be done at market price. A different valuation is punishable by the Tax Administration , since it can be considered tax fraud.
One must be very careful with this type of thing, because there is a tendency to think that a partner's salary does not need any justification, and so it is set without taking into account any real criteria in relation to the services provided. There are even cases in which a significant volume of turnover by the company corresponds to very low expenses in personnel and professional services, which can raise the suspicion that these services are poorly valued.