Acts Online
GT Shield

Income Tax Act, 1962 (Act No. 58 of 1962)


Seventh Schedule : Benefits or Advantages Derived by reason of Employment or the Holding of any Office

18. Annual statements by employers


(1) Every employer shall on the return referred to in paragraph 14 of the Fourth Schedule declare that all taxable benefits enjoyed by employees of such employer during the period in respect of which such return was furnished, are declared on the employees' tax certificates delivered to such employees or on any other return as may be required by the Commissioner.

[Paragraph 18(1) of the Seventh Schedule substituted by section 271, read with paragraph 105 of Schedule 1, of the Tax Administration Act, 2011 (Act 28 of 2011)]


(2) Every such return shall, in the case of a company, be certified as correct by a director of such company.

[Paragraph 18 inserted by section 61 of Act No. 101 of 1990]