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IT3b on loan accounts for tax purposes?

Posted 10 December 2015 under Tax Questions



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Mo says:
10 December 2015 at 11:02

If you earn interest on loan accounts from your company and the company do not issue IT3b from the company what do you use as supporting docs for interest income?

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TaxTimTaxTim says:
10 December 2015 at 12:13

You can use the company's financial statements which should show the interest.
You can also submit an intercompany loan agreement which should reflect the loan terms and interest rate, together with a supporting calculation.


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