Close Company Director/100% shareholder: PAYE vs Dividend Income

It seems to me that:
PAYE is deductible as an CT expense and attracts ER at 11.7% or something like that.
Dividends are not deductibles a CT expense so can't avail of the 12.5% CT rate.

Assume minimum wages paid to ensure full PRSI stamps, any pros or cons to PAYE vs Dividend other than the timing of paying the tax:
25% DWT on payment and the balance when the Personal tax return is done.

Thanks.

What do you mean ER at 11.7%?

How many shares do own in the company?

Thanks for your response
ER is employers PRSI, which I understand applies even as Class S?

Not my entity so need to check re no of shares?
Whats the angle with the no of shares?

Employers PRSI doesn't apply to Class S

If a director has 50% shares they are automatically Class S. If its less you may be Class A (and therefore Employer's PRSI) but depends on other factors

Anyway dividends are usually a waste of time in a close company

Scenario A - company makes profit of €10K and wants to issue dividend of €10K

Company pays €1,250 CT (€10k x 12.5%)
Company pays €2,500 DWT (€10k x 25%)
Director pays €2,500 IT (€10k x 50% = €5,000 less €2,500 DWT above)
Total tax paid = €6,250

Scenario B - company pays a bonus of €10K

CT = 0
Close company surcharge = 0
PAYE/PRSI/USC = €5,000 (€10k x 50%)
Total tax paid = €5,000

Thanks for a very useful pice of work, will pass it on.