Dividends or director's fees: paying the partner of an Italian SRL
The two ways of rewarding a partner who runs an Italian limited company, and how each is taxed: the director's fee, deductible when paid and taxed under progressive income tax as income akin to employment, with tax withheld on account; and the dividend, paid out of profit after 24 % corporate tax and subject to a final 26 % withholding. Then a side-by-side comparison, bracket by bracket, and what social security contributions change. Two modules with case studies, 2026 rules.
Intermediate2 modules37 minFree course
2026 rules — verified on September 25, 2026
Figures are tied to dated, sourced tax constants. A module whose rules have changed is flagged for review, and is unpublished automatically beyond 90 days.
By the end of this course, you can…
These outcomes are the modules' own: the promise cannot say anything the course does not teach.
- See why fees and dividends meet corporate tax and personal income tax in a different order
- Apply the cash basis to the deduction of a director's fee
- Tell when a fee is income akin to employment and when it is self-employment income
- Work out the 26 % withholding on a dividend and see why it settles the tax for good
- Distinguish a distribution of profits from a return of capital reserves
- Work out the combined 43.76 % levy on a dividend
- Compare it with the marginal IRPEF rate on a fee, bracket by bracket
- Find the point where contributions and surcharges reverse the comparison
- Build a mix of fee and dividend around the bracket thresholds
- Weigh the non-tax factors: pension rights, cash flow and available profit
The programme, module by module
Each module has its own page. Durations are derived from the actual text, never announced by hand.
- Module 119 minFree — no accountDividend or director's fee: how the two ways of paying an SRL partner are taxedWhat you will be able to do
- See why fees and dividends meet corporate tax and personal income tax in a different order
- Apply the cash basis to the deduction of a director's fee
- Tell when a fee is income akin to employment and when it is self-employment income
- Work out the 26 % withholding on a dividend and see why it settles the tax for good
- Distinguish a distribution of profits from a return of capital reserves
- Module 218 minFree — no accountComparing the two routes with figures and choosing the right mixWhat you will be able to do
- Work out the combined 43.76 % levy on a dividend
- Compare it with the marginal IRPEF rate on a fee, bracket by bracket
- Find the point where contributions and surcharges reverse the comparison
- Build a mix of fee and dividend around the bracket thresholds
- Weigh the non-tax factors: pension rights, cash flow and available profit
What you take away
A handout you keep, not just a page you read. The sections are derived from the course itself: what is announced here is exactly what gets generated.
Participant handout (PDF)
PDF
- Learning objectives (2)
- Key figures (3)
- Mistakes to avoid (2)
- Official sources (2)
Exercise workbook (Word)
Word
- Learning objectives (2)
- Key figures (3)
- Mistakes to avoid (2)
- Official sources (2)
Answers live in a separate appendix: the participant handout and the workbook stay distributable before the exercise.
Download the handouts
Where this course leads
A course that leads neither to a calculator nor to a form cannot be published: this block is the visible counterpart of that rule.
Run the numbers
The linked calculators apply this course's rules to your own figures — for free.
File it
Step-by-step guides to the official forms cited in this course.
Go further
The courses that follow on from this one.
Educational content, current with the sources cited. It does not replace advice tailored to your situation. These courses are neither certifying nor CPF-eligible: they prepare for no certification registered with the French RNCP or specific register.