Hi there,

I have a company which sold its only operating machine. It realised a big profit on the sale and the shareholders want to now liquidate the entity and close it down. The co is not VAT registered and the shareholders are a SA trust and an individual.
So what is going to happen is a liquidation dividend distribution after the co pays income and cgt tax.
Now has anyone used the sars dividends tax software to pay over the 15%? Lets say 100,000.00 is the after tax profit. Are there any exemptions re the sa trust being one of the shareholders? How do I go about this