As a director of a company, if you have lent it a sum of money and there is no contract with fixed repayment deadlines, you can benefit from an annual interest at the market rate on the total amount in your favor.
This interest is tax-deductible for your company and is not subject to a 30% withholding tax as long as your current account does not exceed, on the last day of the financial year, the sum of reserves already taxed on the 1st day of the financial year and the paid-up capital at the end of the same financial year.
For advances in the current account below one million euros, the interest rate for 2023 is now 5.70%, whereas it was only 4.07% for 2022.
