The maximum rate of deductible interest paid to associates, due to sums advanced by them to the company for business purposes, is set for the 2023 fiscal year at 1.89%.
Good to know:
What is a shareholder current account?
The shareholder current account is a loan from a shareholder to the company, where one or more individual or legal entity shareholders provide a certain amount of money to the company within the framework of a statutory provision or a current account agreement.
This is a means of financing through shareholders. The use of this type of financing is generally justified to address a situation of insufficient working capital. Such agreements are very common because they are advantageous for both the shareholders and the company. Indeed, the shareholder typically earns a good return compared to the rates practiced on the market. As for the company, it is a flexible means of financing, where the shareholder becomes the creditor of the company.
Shareholder current account: regulation
Every year, the Ministry of Economy and Finance sets the maximum rate of deductible interest for shareholder current accounts. For the year 2023, this rate is set at 1.89%.
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