Analysis of laws and regulations related to payments to the board of directors with emphasis on the direct tax law

Explaining the rules and regulations on payments of the board of directors in companies is very important for determining the legal duties of companies. In addition to the theoretical aspect, this issue has a wide range of practical effects on the companies. In this study, first, by examining the theories of relationship between the board and the company, the nature of the legal relationship of the board with the company is explained. According to various theories, there are four types of relationships for the board of directors with the company. 1) According to attorney theory, they are attorney of the company. 2) According to another theory, they are Legal agent of the company. 3) Some jurists consider the board of directors as employee of company. 4) And finally, the Organ theory that consider the board as a Pillar of the company. After rejecting the first three theories, the organ theory is accepted as a type of relationship between the board of directors and the company. according to this theory and the analysis of executive circular and legal article related to the payments of the board of directors in the commercial law, direct tax law, labor law, social security law and unemployment insurance law , it was found that the executive circular in some cases contradict with the relevant laws. Therefore, according to the importance of joint stock companies and the role of the board of directors in leading them, it is necessary to review and integrate the proposed laws.