Whether Kilometric is a Board Member's Income.

Kilometric mileage is a popular form of accounting for employees for business travel, involving payment of money for kilometers traveled. However, is mileage pay recognized as income for a company executive?

The answer to this question is ambiguous and depends on many factors. In the case of board members who are also employees of the company, mileage may be treated as additional compensation for the performance of official duties. In this case, the amount paid for kilometers driven may be considered income and subject to taxation.

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However, there are also situations in which mileage is not treated as income for the board member. For example, if a member of the board of directors is also the owner of the company and does not receive a salary for performing management functions, the mileage payment may be considered reimbursement for expenses incurred in connection with the company's operations.

It is worth noting that the issue of recognizing mileage as income for a board member is complicated and requires a case-by-case analysis. Therefore, we recommend consulting a tax or legal advisor for full information on the tax consequences of mileage payments to board members.