Should a IT3b certificate be issued to the shareholders of a private company?
Important:
This answer is based on tax law year ending 28 February 2017.
Answer:
The matter is dealt with in the 6 January 2016 notice, GG 39575, Notice 1, Tax Administration Act, 2011. It deals with the “Returns of information to be submitted by third parties in terms of section 26 of the Tax Administration Act, 2011”. You are correct that company, in your example, is not included as a person required to do so – see paragraph 2.