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Income Tax Act, 1962 (Act 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.


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