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Will Company Director be responsible for company debt in the event of liquidation?

Posted 18 February 2016

Kat123 says:
15 February 2016 at 9:23

My company owes SARS VAT, PAYE, AND INCOME TAX. If I voluntarily liquidate, with no business assets, and no personal assets, will SARS prosecute me personally if they cant get the money from the company? Does liquidation void the tax debt to SARS?

TaxTim TaxTim says:
18 February 2016 at 9:44

You would need to go to SARS and work this out with them. They may be able to attempt to recover the funds from you in particular circumstances.

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