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Is tax payable on a fund that was liquidated?

Posted 19 May 2014 under Tax Q&A


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Our company was liquidated and we are now after almost two years we will receive our provident fund.
pay outs. Do we have to pay tax on it or is it tax free?

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
20 May 2014 at 10:59

You will pay tax on the amounts subject to the special tax tables which can be found in our Lump sum calculator


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Tax returns!


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Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!