Section 119A: Statement by société to associate and Director-General

119A. Statement by société to associate and Director-General (1) Every société required to submit a return under section 119 (2) shall, not later than 30 September in every year— (a) give to each associate a statement showing the share of income accruing to him, in respect of the preceding income year; and (b) at the same time, submit to the Director-General, in electronic form, a statement giving, in respect of the preceding income year, the particulars of the share of income accruing to each associate. (2) The statements under subsection (1) shall contain such other particulars as may be required, and shall be made in such form and manner as Director-General may approve. (3) The manager of every société required to submit a return under section 119 shall make the necessary arrangements to obtain from the Director-General the Tax Account Number (TAN) of every associate of the société and insert it in the statements required to be submitted under subsection (1). (4) Where, in an income year, a société is required to submit a return under subsection (1), it shall continue to submit a return under that section unless otherwise authorised, in writing, by the Director-General. [S. 119A inserted by s. 12 (q) of Act 26 of 2012 w.e.f. 1 January 2013 in respect of the year assessment commencing on 1 January 2013 and in respect of every subsequent year assessment; s. 24 (x) of Act 9 of 2015 w.e.f. 1 July 2015 in respect of the year of assessment commencing on 1 July 2015 and in respect of every subsequent year of assessment.]