Tax on a liquidating distribution
An exception to this general principle is where a dividend consists of a distribution of an asset A summary of the withholding tax rates as per the South African Double Taxation Agreements currently in force has been split into two parts, Africa and the rest of the world.
"Personal care service" does not include a service provided by or on the order of a licensed physician or licensed chiropractor, or the cutting, coloring, or styling of an individual's hair.
In the case of corporations with stock, one corporation owns or controls another if it owns more than fifty per cent of the other corporation's common stock with voting rights.
On and after August 1, 2003, personal care service is or is to be provided to an individual.
Because trusts are not subject to double taxation, either principal or income on which the trust paid taxes can be distributed tax-free to the beneficiaries.
Likewise, any taxable distribution to beneficiaries is deductible by the trust.