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My business has gone into liquidation under s65, what happens to the money I owe SARS?

Posted 7 May 2013 under Tax Q&A


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My cc was liquidated last year in November and the court put me under Section 65, because I have no income and no more properties. What is going to happen to my outstanding account at SARS. That is for the business and my personal one?

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TaxTim TaxTim says:
8 May 2013 at 20:12

SARS will become a creditor and as soon as any money arrives into the CC, if any, they will be paid a portion.


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