QUESTION $2$

$(12$ MARXK

On $8$ August $2024,$ Mint Ltd declared a dividend of R$250000$ to a total of $505,$ of the company's shareholders. Annual declarations are obtained to confirm exemptions approvals. Payment was processed on $16$ September $2024.$

Mazel Lid, a resident company, holding a $25\%$ interest in Mint Lus. Hazel Lif proceeded to declare the full dividend to its shareholders. Hazel Lid is a registered micro business and this dividend distribution is the first dividend declared for this assessment year.

Cherry Trading Lid, a South Alrican listed company that holds $15\%$ interest in Mint Lif. Cherry Trading Lid declared the full dividend to its shareholders who are all natural persons.

Cool Cats $($PM$)$ Lid, a registered PBO holding $3\%$ interest in Mint Les.

Mr$.$ Green, a South Alican resident holding $7\%$ interest in Mirt LEL.

On $18$ November $2024,$ Mrt Lid, a South Alican residert company, declared a distribution of

R$150000$ to shareholders holding a $30\%$ share in Mint Led. The shareholders are not exempled from dividend tares. The paymert was processed on $2$ December $2005$t$.$

On $13$ December $2024,$ the board of directors approved a divident distribution of R$100000$ to Essence Inc. Essence Inc is a Kenyan based corrpany which holds $205$ shares in Mint Lif. Payment was processed on $2$ Jaruary $2025$

Required:

Record the transactions in the records of Mrt Led for the year of assessment ended $23$ February $2005$