Well there is no Witcher 3 Functionality for Screenshots.
But Yes you can easily take screenshots of The Witcher 3.
I take screenshots of games in 2 ways.
Steam Way
If you are playing Witcher 3 on Steam you can press F12 to take a screenshot while you are playing.
NOTE: This was the default key that came with my installation. You can change it in the settings.
If you have it on GoG you can open it as a non-steam game in steam and still use the functionality.
MSI Afterbuner Way
The second option for me is using MSI Afterburner.
To enable screenshots you can:
- Open MSI Afterburner
- Go to Settings
- Open tab "Screen Capture"
- Set Default Key and desired folder for the shots
- Open game and take screenshots at will
With MSI the advantage is that you can even choose the extension of the images generated.
Hope I helped