1 abridged isiZuluokufingqiwe shortened. ▾

2 abatement isiZuluukwehliselwa/ukuncishiselwa to make less (e.g., a tax abatement). ▾

3 accelerated depreciation isiZuluukwehla kwezinganani ngezigaba when a company’s accounts state that an asset lost value faster in the early years of its life. It enables the company to claim tax deductions on the asset immediately. ▾

4 account adjustment isiZuluukuhlelenjwa kwe-akhawunti transaction yet to be reflected in the business’s accounts. ▾

5 accounting fee isiZuluinkokhelo yomgcinimabhuku amount paid for an accountant’s service. ▾

6 accounting loss isiZuluukulahlekelwa ngokohlolomabhuku the business’s accounts show that it spent more than it earned. ▾

7 accounting officer isiZuluisikhulu esinesibophokubika individual responsible for financial record-keeping. ▾

8 accounting policy isiZuluinqubomgomo yohlolomabhuku rules that guide an organisation in preparing its financial statements. ▾

9 accounting profit isiZuluinzuzo ngokohlolomabhuku net final income shown in the organisation's financial statements. ▾

10 accrual isiZulu1. ukhulokunqwabelana 2. imfanelonkokhelo gradual increase in amount of money. ▾

11 acquittal isiZuluukudedelwa /ukukhululwa official legal decision (e.g. by a court) declaring someone not guilty. ▾

12 add back isiZuluimbuyiselo expense added to the business's profits. ▾

13 adjustments estimate isiZulu1.ukuqagulakuhlelenjwa 2. isilinganisokuhlelenjwa change in value after an assessment. ▾

14 Administration of Estates Act isiZuluuMthetho Wokuphathwa Kwamafa governs liquidation and distribution of deceased persons' estates, and the administration of the property of minors and persons under curation. ▾

15 administrator isiZuluumphathi individual who controls the operations of an organisation. ▾

16 advance cargo loading notice isiZuluisaziso sokulayisha umthwalo/impahla kusekujana given by carriers transporting goods to South Africa to report their consignment with Customs (must be provided at least 24 hours before arrival). ▾

17 Advanced Passenger Processing isiZuluuHlelo Oluphuculiwe Lokudlulisa Umgibeli system that displays travellers' biographical and transit details for screening prior to boarding. ▾

18 African Growth and Opportunity Act (AGOA) isiZuluuMthetho Wentuthuko Namathuba E-Afrika/i-AGOA American trade programme offering duty-free access to the U.S. market for some products from selected African countries. ▾

19 African Tax Administration Forum isiZuluiSithangami Sokuphathwa Kwentela E-Afrika multinational platform through which African tax authorities cooperate. ▾

20 agency fee isiZuluinkokhelo yenkampani yezinsizakalo payment for an external service. ▾

21 aggregate isiZuluisambamthamo total. ▾

22 Aircraft General Declaration isiZuluindalulomvama yendiza basic document on arrival and departure describing the aircraft and its itinerary, crew, passangers, and condition. ▾

23 airport transit shed isiZuluigushede esikhumulwenindiza temporary storage for airfreight. ▾

24 alimony isiZuluimalisondlo regular payment from a divorcee to the former partner; mandated by a court. ▾

25 allowable expense isiZuluizindleko ezivumelekile essential business expense; not taxable. ▾

26 Alternative Dispute Resolution isiZuluEnye Indlela Yokuxazulula Ingxabano/ Enye Indlela Yokusombulula Ingxabano to resolve disagreements outside the court system. ▾

27 amortisation isiZuluisikhawukunciphisa to reduce a cost or total in regular small amounts. ▾

28 annual equivalent isiZuluokulingana nokonyaka actual interest rate of a financial product after accounting for the total compounding period. ▾

29 annual exclusion rate isiZuluisamba esingathelelwayo sonyaka amount excluded from Capital Gains Tax. ▾

30 annual financial statement isiZuluisitatimende sezimali sonyaka regularly compiled record of the organisation's finances for a year. ▾

31 annual inclusion rate isiZuluisamba esithelelwayo sonyaka portion of capital gains added to an entity's taxable income. ▾

32 annuity isiZuluisambazikhathi amount paid to an individual until their death, or the financial product through which the annuity is funded. ▾

33 appeal isiZuluukudlulisa udaba request to have a decision reviewed. ▾

34 apportionment isiZuluukwaba allocation (of funds or responsibility). ▾

35 apprenticeship isiZuluukuqeqeshelwa emsebenzini period when someone serves as an apprentice to learn a craft or skill. ▾

36 appropriation isiZuluukwabiwa amount of money for a specific purpose; taking something for personal use. ▾

37 approved exporter isiZuluumdayiselimazwe ogunyaziwe allowed to export goods and can have preferential customs treatment. ▾

38 arrival report isiZuluumbiko wokufika must be submitted to Customs by carriers to detail the nature and destination of cargo. ▾

39 articles isiZuluizinsiza kwezokulima farming implements. ▾

40 articles of association isiZuluimithethokusebenza charter document that establishes the legal existence of a company. ▾

41 assessment isiZuluukuhlola judges the value, quality, or importance of something. ▾

42 asset price bubble isiZuluukukhula kwentengompahla kwesikhashana period of rapid price increases (usually followed by a collapse). ▾

43 assets off-shore isiZuluizimpahla ezingaphandle assets held in a foreign country (for e.g. tax avoidance) and regulated by different laws. ▾

44 association not for gain isiZuluinhlangano engakhelwe inzuzo special type of organisation with a social or charitable purpose; can issue invoices with VAT zero rated. ▾

45 asylum-seekers' permit isiZuluimvume yokubhaca temporary permit issued pending a decision to accept a person as a refugee. ▾

46 attachment order isiZuluumyalelo wokudliwa kwempahla court order to seize property or money from a debtor to pay a creditor. ▾

47 audit isiZuluucwaningomabhuku official examination of business accounts. ▾

48 audit pool isiZuluisilulu samabhuku azocwaningwa groups of cases on SARS's Case Management and Tracking system from which the Audit Manager can select cases. ▾

49 audit-based control isiZuluulawulo ngokocwaningomabhuku assessments by customs and excise officials to authenticate the accuracy of customs declarations. ▾

50 authorised debit push isiZuluisikhuthazokukhokha esigunyaziwe/inkokhelo yedebhithi egunyaziwe / i-debit push egunyaziwe payment initiated through eFiling and authroised for each transaction (which is mediated by a bank). ▾

51 authorised user isiZuluumsebenzisi ogunyaziwe permitted by a licensed exchange to perform securities services. ▾

52 auto-assessment isiZuluukuhlola okuzenzakalelayo tax assessment that SARS issues automatically through eFiling. ▾

53 Automated Clearing Bureau isiZuluiSikhungo Esikuqinisekisela Ngokwaso facilitates financial exchange. ▾

54 bargaining unit isiZuluinkethabakhulunyelwa group of workers in an organisation who share interests and are represented by the same labour union. ▾

55 backdated salary isiZuluumholo oyinkonjwamuva payment that reflects a change made in a previous pay period. ▾

56 bad debt isiZuluisikweletu esibi will not be repaid (is unrecoverable). ▾

57 bailout isiZuluukuhlengwa assistance (usually financial) to an entity facing difficulty. ▾

58 balance of payments isiZuluisitatimende sezinkokhelo difference in value of payments into and out of a country in a period. ▾

59 balance of remuneration isiZuluinsalelamhlomulo value of an employee's total remuneration (accounts for all benefits received in addition to the base salary). ▾

60 balloon payment isiZuluimalinsalela large sum of money due at the end of a loan period. ▾

61 bank overdraft isiZuluigunyakweqisa lebhange deficit occurring when the bank-account holder draws more money than the account holds. ▾

62 expenses isiZuluizindlekongqalisa use of money. ▾

63 baseline isiZuluisisekelongqalisa amount used for comparison, such as to measure increases and decreases. ▾

64 basic amount isiZuluinani eliyisisekelo latest assessed taxable income (minus capital gains and lump-sums). ▾

65 beneficial owner isiZuluumhlomulilifa ultimately controls or benefits significantly from an enterprise. ▾

66 beneficiary isiZuluumhlomuli receives advantage. ▾

67 beneficiation isiZuluinguqulwasimbiwa to treat raw materials to improve their properties. ▾

68 bewind trust isiZuluithrasti elawulwa abaphatheli vested trust: beneficiaries own the trust founder's assets, while the trustees manage the assets. ▾

69 bill of entry isiZuluumqulu ogunyaza ukungena formal declaration describing goods imported or exported. ▾

70 bill of lading isiZuluisivumelwano sokuthutha ngomkhumbi legal document describing the goods being shipped, their origin, destination, carrier, and consignee. ▾

71 Black Economic Empowerment (BEE) isiZuluuKufukulwa Kwabamnyama Kwezomnotho/i-BEE policy that aims to increase the participation of black people in the South African economy. ▾

72 body corporate isiZuluinhlangano yabaphathizakhiwo mandatory legal entity consisting of property owners in a sectional-title scheme, whose land and buildings they manage. ▾

73 bona fide donation isiZuluuminikelo ngokuzithandela voluntary, gratuitous gift by the donor out of liberality or generosity, where the donee is enriched and the donor impoverished. ▾

74 bond isiZuluisibophezelo surety contract issued to Customs by an importer through a clearing agent, which guarantees the payment of customs fees when importing goods that contain taxes and duties. ▾

75 bonded goods isiZuluizimpahla ezivalelwe products kept in a bonded warehouse for a period without being subjected to import duties and taxes. ▾

76 book value isiZuluinani ngokwebhuku value of something as shown in an organisation's accounts, which may be more or less than its actual value if sold. ▾

77 bottleneck effect isiZuluumthelela wominyanokuvimbeleka problem that delays a process. ▾

78 break-bulk cargo isiZuluumthwalo/ impahla ebekwe ngobunjalo goods stored on board a ship in individual units, such as crates. ▾

79 bribe isiZuluukugwaza/umfumbathiso money or gifts given to persuade someone to do something (often illegal or dishonest). ▾

80 broker isiZuluumxhumanisi person who buys and sells (e.g. shares or currency) on behalf of someone else. ▾

81 brought forward isiZuluokudluliselwe phambili amount at the end of an accounting column or section copied at the beginning of the next section. ▾

82 Business Requirement Specification isiZuluUkucaciswa Kwezidingo Zebhizinisi document for various purposes which stipulates how businesses should give information such as employer-reconciliation details and third-party data. ▾

83 bunkering of vessel isiZuluukuhlinzekwa komkhumbi ngesinikamandla ship refueling. ▾

84 business rescue isiZuluutakulobhizinisi legal process to rehabilitate a financially distressed company by placing it under the temporary supervision of a business-rescue practitioner. ▾

85 buoyant isiZuluokunomdlandla/okukhaphuzelayo able to float; describes successful/profitable markets. ▾

86 by-product isiZuluicelemkhiqizo created in the process of producing something else. ▾

87 corporate social investment isiZuluutshalomali lwenhlangano emphakathini organisational strategy to create environmental or social benefits without expecting direct financial return. ▾

88 command economy isiZuluumnotho ohlelwa umbuso/ uhulumeni state controls production and prices. ▾

89 contraband isiZuluimpahla eshushunjisiwe goods carried secretly and illegaly. ▾

90 cabotage permit isiZuluimvumekuthutha yamazwe authorises foreign carriers to transport passengers or goods in South Africa. ▾

91 calibrate isiZuluukuqophakulinganisa to adjust to improve precision. ▾

92 capital allowance isiZuluimali yemfezazidingo tax deductions a businesses can claim for expense on certain assets (e.g. buildings and equipment). ▾

93 capital flow isiZuluingelezomali flow of investment in and out of the country. ▾

94 capital gain isiZuluinzuzomali/ inzuzo yentengonani profit on sold assets. ▾

95 Capital Gains Tax isiZuluintela yenzuzomali/iNtela Yentengonani tax on profit from sold assets. ▾

96 capital loss isiZuluulahlekomali/ulahleko lwentengonani decrease in the value of an asset (such as when it is sold for less than its purchase price). ▾

97 capital receipt isiZuluifa elamukeliwe/ingcebo eyamukeliwe records of cash inflow into a business from asset sales (non-recurring activities). ▾

98 capitalised leased asset isiZuluimpahla eqashisiwe ebekelwe inani rented items that the business treats as its owned assets. ▾

99 cargo manifest isiZuluuhlamininingo lomthwalo lists the goods making up the freight of a vessel or vehicle. ▾

100 carnet isiZuluimvume kunqamulamazwe/ ikhanethi international customs document permitting temporary tax/duty-free import/export of goods. ▾

101 carry forward isiZuluindluliselomali figure transferred to a new page or account. ▾

102 carry-back isiZuluimpindiselwamali to apply a valid tax credit or operating loss to the taxable income of previous years to reduce the tax burden. ▾

103 cash equivalent isiZuluokulinganiseka ngokheshi value of a workplace benefit which an employee enjoys; used to calculate the employee's tax dues. ▾

104 casualty loss isiZuluokulahleka kungalindelekile damaged or stolen property declared to claim tax exemption. ▾

105 Centre for Small Business Development isiZuluiSikhungo Sokuthuthukiswa Kwamabhizinisi Amancane offers assistance and counselling for small enterprises. ▾

106 certificate of origin isiZuluisitifiketi semvelaphi verifies goods' country or region of origin. ▾

107 Chamber of Commerce isiZuluuMkhandlu Wamabhizinisi association of businesses to promote their interests. ▾

108 charitable trust isiZuluithrasti yesihe established for public benefit and may qualify for exemption from Income Tax and Capital Gains Tax. ▾

109 clarification case isiZuluudaba olucaciswayo when a payment SARS receives from a client cannot be allocated to the client's account. ▾

110 clearance isiZuluisiqinisekisomvume customs formalities to authorise goods to be imported or exported. ▾

111 client isiZuluikhasimende conducts business with or recieves a service from an enterprise. ▾

112 clogged loss isiZuluukulahlekelwa okukhulu capital loss that can be offset only under restricted circumstances (the loss is 'ring-fenced' or 'clogged'). ▾

113 close corporation isiZuluumfelandawonye omncane private company that does not offer shares to the public. ▾

114 closing balance isiZuluibhalansi evalile amount of funds left after an accounting period. ▾

115 closing stock isiZuluisitokwe/isitoko okuvalwe ngaso amout of unsold inventory left after a reporting period. ▾

116 closing value isiZuluinani okuvalwe ngalo last price at which an asset or item traded (when the market closed, for example). ▾

117 collective investment scheme isiZuluuhlelotshalozimali oluhlanganyelwe professionally managed fund that invests in a range of assets which make up its portfolio. ▾

118 commercial fraud isiZuluukukhwabanisa ngokwamabhizinisi legal offence involving tax evasion, unauthorised import/export, illict payment, or uncompetitive behaviour. ▾

119 commercially valuable waste isiZuluimfucuza ewusizo ngokwezamabhizinisi byproducts that can be sold or used as inputs to generate value. ▾

120 commission isiZuluikhomishini group of people selected to investigate and report on a matter. ▾

121 Commission for Conciliation, Mediation and Arbitration isiZuluiKhomishini Yokubuyisana, Ukuxazulula Nokwahlulela mediates workplace disputes and helps to establish workplace forums, councils, and picketing rules. ▾

122 commissioner isiZuluukhomishana government official with special responsibility. ▾

123 common customs area isiZuluindawo edidiyele amahhovisi alawula impahla emngceleni combined area of the member states of the Southern African Customs Union. ▾

124 common law isiZuluumthetho ongabhaliwe/ umthethomvama legal system developed gradually based on custom and court decisions. ▾

125 communal estate isiZuluimpahla ehlanganisiwe arises from a marriage in community of property. ▾

126 commutation isiZuluukuguqulela emalini altering a financial agreement to receive an amount of money immediately rather than later as a series of payments. ▾

127 Companies and Intellectual Property Commission isiZuluIKhomishini Yezinkampani Nokusunguliwe registers companies and cooperatives, and maintains their intellectual-property rights. ▾

128 Companies and Intellectual Property Registration Office isiZuluiHhovisi Lokubhalisa Izinkampani Nokusunguliwe has merged with Companies and Intellectual Properties Commission. ▾

129 compensating product isiZuluumkhiqizo wokunxephezela obtained as a result of manufacturing or processing goods temporarily imported or exported. ▾

130 compound duty isiZuluinhlanganisela yentelo when a specific duty rate is combined with the ad valorem rate. ▾

131 compound interest isiZuluinzalompindwa earnings generated from previous earnings which have been reinvested; interest computed on both the principal and the accrued interest. ▾

132 compounded contribution isiZuluumnikelo ohlanganisiwe funds added to an investment over time. ▾

133 compromise settlement isiZuluisivumelwano sokuhlangabezana/ isivumelwano sokubonelelana agreement under which Customs waives a customs offence under certain conditions. ▾

134 computation isiZuluukubala ngekhompyutha calculation of an amount. ▾

135 computed method isiZuluindlela yokubala ngekhompyutha/indlela yekhompyutha value derived from the built-up cost of a good. ▾

136 conduit entity isiZuluinkampani eyisedlulisi a "pass-through" vehicle that receives and transfers property, but does not retain it. ▾

137 consolidated tax profile isiZuluubunjalomininingo bentela obudidiyelwe/ obuhlanganisiwe single record of an entity's tax, customs, and excise details. ▾

138 constructive dividend isiZuluinzuzomhlomulo ethelelwayo payment to a participant/shareholder in a company that is not immediately classified as a dividend, but will be taxed as such later. ▾

139 consultant isiZuluumeluleki expierienced individual appointed to advise on a particular issue. ▾

140 consumer price inflation isiZuluukwehla nokwenyuka kwamananintengo main measure of inflation; tracks the prices of a basket of goods and services. ▾

141 contingency reserve isiZuluokugcinelwe izimo eziphuthumayo amount set aside to accommodate unforseen developments. ▾

142 controlled foreign company isiZuluinkampani elawulwayo yangaphandle organisation controlled by individuals residing in another country (who may be liable to pay tax on income from the company). ▾

143 Convention on International Trade in Endangered Species isiZuluiSivumelwano Samazwe Ngamazwe Sokuhweba Ngokuphilayo Okusengcupheni Yokushabalala treaty to restrict trade in endangered plants and animals. ▾

144 conveyancer isiZuluummeli wezokudlulisela ubuninimpahla attorney who can prepare deeds; can transfer property between parties. ▾

145 copyright isiZuluigunyabunikazi legal right to control the production, distribution, and use of intellectual property. ▾

146 Corporate Income Tax isiZuluIntela Yemalingeniso Yenkampani paid by companies. ▾

147 corporate social responsibility isiZuluisibopho senkampani emphakathini management approach that seeks to achieve social and environmental benefits. ▾

148 corporate tax rate isiZuluizingantela lenkampani percentage of a company's income taxed. ▾

149 Corrective Tax (Pigouvian tax) isiZuluIntelakuqondisa used to discourage harmful activities or incentivise beneficial behaviour. ▾

150 cost-to-tax-revenue ratio isiZuluisilinganisokuqhathanisa sentela nezindleko difference between amount expended to collect revenue and total tax income. ▾

151 countercyclical fiscal policy isiZuluinqubomgomo yezimali ebhekelela isimomnotho government decisions to counter types of economic activity such as cycles of accelerating or depressed spending rates. ▾

152 counterfeit isiZuluuthombumbulu/ umbombayi fake. ▾

153 Countervailing Duty isiZuluIntelokugwema imposed on goods that benefitted from government subisidies in their country of origin to neutralise the subsidy. ▾

154 coverage isiZuluububanzikufinyelela/ ububanzibanga extent of financial protection; insurance benefits. ▾

155 credit adjustment isiZuluukuhlelwa kabusha kwenkokhelo alteration of a positive balance. ▾

156 credit push transaction isiZuluinkethakuzikhokhela/ithransekushini ye-credit push payment instruction is deducted from the specified bank account; recorded on eFiling. ▾

157 crew's effect isiZuluuhlukudalula lwezisebenzi belongings of the crew operating or staffing a means of transport. ▾

158 cryptocurrency isiZuluimali edijithali digital currency produced by a public network using cryptography to secure transactions. ▾

159 curator isiZuluowengamele/umgcini court-appointed person who manages the financial affairs of someone incapable of doing so themselves. ▾

160 curatorship trust isiZuluithrasti eyenganyelwe trustees manage the assets of someone without the capacity to do so themseleves. ▾

161 Customs isiZuluiHhovisi Elilawula Impahla Emngceleni government department that examines imported and exported goods and deals with taxes imposed on them. ▾

162 customs clearing agent isiZuluumsebenzeli oqinisekisa ukulawulwa kwempahla emngceleni interacts with customs officials on behalf of another entity. ▾

163 customs commercial clearance process isiZuluuhlelokuqinisekisa lwezohwebo ehhovisi elilawula impahla emngceleni authorises goods to move across international borders. ▾

164 customs controlled area isiZuluindawo elawulwa ihhovisi lempahla emngceleni area subject to customs legislation. ▾

165 customs declaration isiZuluudalulo ekulawulweni kwempahla emngceleni form that describes the goods being imported or exported. ▾

166 Customs Duty isiZuluIntelo Ekulawulweni Kwempahla Emngceleni tax paid on imported goods. ▾

167 customs maritime zone isiZuluindawo yokulawula impahla emngceleni wasolwandle sea area subject to customs legislation. ▾

168 customs seal isiZuluisigxivizokugcika sehhovisi elilawula impahla emngceleni affixed to items to prevent interference and to identify them. ▾

169 cyber crime isiZuluubugebengu bohlelokuxhumana illegal acts committed through the internet. ▾

170 data isiZuluimininingo points of information considered in decision-making. ▾

171 deadweight loss isiZuluukungabekwa eqhulwini kwezenhlalakahle/ ukungabekwa phambili kwezenhlalakahle economic harm (caused by e.g. a new tax). ▾

172 deceased estate isiZuluifa likamufi /impahla kamufi property or will of a deceased person. ▾

173 declarant isiZuluumdaluli signee of a document who verifies that the information is correct. ▾

174 declaration isiZulu1. ukudalula 2. isiqinisekiso 3. isifungo statement giving information (such as particulars required by Customs). ▾

175 default information isiZuluulwazi oluhlala lunjalo/ulwazi olusobala basic details in a user's profile. ▾

176 delegation of authority isiZuluukudluliselwa kwamandla/ ukuphathiswa igunya to transfer responsibility for a task to another person or entity. ▾

177 departure notice isiZuluisaziso sokuhamba notifies Customs that cargo has been exported. ▾

178 departure report isiZuluumbiko wokuhamba Customs document describing cargo that was recently exported. ▾

179 dependant isiZuluothembele komunye/owondliwayo someone who depends on another person financially. ▾

180 depreciable asset allowance isiZuluisibonelelo sempahla eyehlelwe inani SARS-prescribed rate at which a portion of an asset's cost can be written off. ▾

181 detergent isiZuluisihlanzi substance used for cleaning. ▾

182 developer isiZuluumsunguli person or company that buys land, constructs buildings, or acquires and improves property for sale. ▾

183 discharge assesment isiZuluukuhlolwa kwemali engesulwe indicates tax liability or refund due. ▾

184 disclaimer isiZuluisihlanguli / ukuziqhelelanisa statement by which the declarant denies (legal) responsibility for a matter. ▾

185 disclosure isiZuluukudalula to make private information (such as financial records) available for scrutiny. ▾

186 discretionary trust isiZuluithrasti engacacisi ngemihlomulo/ithrasti engenambandela ngemihlomulo trustees can vest income, capital gains, assets, or amounts in the trust to its beneficiaries ▾

187 disposal isiZuluukuchitha to create, alter, sell, or destroy an asset. ▾

188 distressed property isiZuluimpahla esengcupheni yokudliwa put on the market because the owner did not meet repayment requirements. ▾

189 dividend isiZuluumhlomulonzuzo amount that a company pays to a shareholder. ▾

190 Dividends Tax isiZuluiNtela Yomhlomulonzuzo levied on shareholders when they receive a dividend from a company. ▾

191 Donations Tax isiZuluiNtela Yeminikelo payable on the value of property donated if it exceeds a certain amount. ▾

192 dormant company isiZuluinkampani equbile inactive business which is neither trading nor receiving income. ▾

193 doubtful debt isiZuluisikweletu esingabazekayo/ isikweletu esingase singakhokheki unlikely to be paid. ▾

194 dual-channel system (red/green) isiZuluuhlelo olumizilamibili (bomvu / luhlaza okotshani) Customs control process; travellers use the green symbol to mark duty-free and unrestricted goods, and red for goods to be declared. ▾

195 dummy number isiZuluisinganombolo temporary tax-reference number assigned to unknown payments. ▾

196 duties and taxes isiZuluintelo nentela amounts levied on imports and exports. ▾

197 duty-free shop isiZuluisitolo esingathelisi intelo store under Customs control where travellers can acquire goods free of duties and taxes. ▾

198 Electronic Funds Transfer (EFT) isiZuluukudlulisa Imali Ngezobuchwepheshe/i-EFT digital exchange of money. ▾

199 eBooking system isiZuluuhlelo lokubhukha ngezobuchwepheshe / uhlelo lokubekisa indawo/uhlelo lwe-eBooking online system through which taxpayers can make an appointment to visit a SARS branch. ▾

200 economic projection isiZuluukuqagula kwezomnotho estimate of economic performance in the future. ▾

201 emerging technology isiZulu1. ubuchwepheshe obusafufusa 2. ubuchwepheshe obusha new or established technology whose application is changing or being investigated. ▾

202 emission reduction isiZuluukuncishiswa kokuphuma kwegesi decrease in the volume of a substance (e.g. gas) released into the environment. ▾

203 emolument isiZuluumvuzo compensation. ▾

204 Employee Income Tax Certificate (IRP 5) isiZuluISitifiketi Somqashwa Sentela Yemalingeniso issued by an employer showing the employee's income, deductions, and related taxes. ▾

205 Employment Tax isiZuluiNtelakusebenza must be deducted from the employee's remuneration. ▾

206 employment tax incentive isiZuluisikhuthazi sentelakusebenza reduces the tax liability of employers who take on young work seekers. ▾

207 Environmental Levy isiZuluInteliso Yezemvelo imposed on goods manufactured in or imported into South Africa under Schedule 1 Part 3. ▾

208 equilibrium price isiZuluintengo yesimokulingana occurs when the supply of a good matches demand. ▾

209 equitable share isiZuluisabelo ngokulinganisekayo allocation of revenue to national, provincial, and local government as required by the Constitution. ▾

210 equity instrument isiZuluumbhalobufakazi wobuninisabelo/ umbhalobufakazi wobuninimasheya equity share in a company or option to acquire a share which is convertible to a share or member’s interest. ▾

211 equivalent compensation isiZuluisinxephezelo esilingene Customs procedure allowing the import/export of goods identical to those previously imported or exported. ▾

212 estate agent isiZuluumsebenzeli wezezindlu nomhlaba helps to sell, rent, and manage property. ▾

213 Estate Duty isiZuluIntelo Yempahla/Intelo Yelifa levied on deceased estates. ▾

214 excisable goods isiZuluizimpahla ezitheliswayo items specified in Part 2 of Schedule 1 which have been manufactured in South Africa. ▾

215 Excise Duty isiZuluIntelo Yempahla Ekhiqizwa Ezweni subject to the provisions of sub-section 3, any duty leviable under Schedule 1 Part 2 on goods manufactured in South Africa. ▾

216 excise warehouse isiZuluisigcinampahla esazothelelwa designated area where a company can store goods, but which is authorised and monitored by SARS. ▾

217 executor isiZuluumengamelilifa/ umendlalilifa person authorised to act under letters of executorship granted or signed and sealed by a Master, or under an endorsement under section 15 of the Administration of Estates Act. ▾

218 extraction rate isiZuluizinga lokukhishwa percentage taxed on the value of extracted minerals determined by the Mineral and Petroleum Resources Royalty. ▾

219 fidelity fund isiZuluisikhwama sokuvikela indemnifies or compensates any third party that suffers a loss or damages caused by a member of that fund. ▾

220 fiduciary isiZuluumgunyazwa entrusted to manage the financial affairs of another person to her or his benefit. ▾

221 Financial Intelligence Centre Act (FICA) isiZuluuMthetho Wesikhungo Sezobunhloli Kwezezimali/i-FICA legislation to prevent illicit financial activity. ▾

222 fiscal health isiZuluisimompilo sezezimali stability and sustainability of government funding. ▾

223 fixed property isiZuluimpahla engenakususwa long-term physical assets such as property and machinery. ▾

224 flat tax isiZuluIntela engaguquki tax rate that is the same for everyone. ▾

225 foreign direct investment isiZuluutshalomali ngqo lwangaphandle an entity's purchase of assets in another country. ▾

226 foreign estate isiZuluimpahla yamazwe angaphandle belongs to a deceased person not resident in South Africa. ▾

227 foreign investment allowance isiZuluukuvunyelwa kotshalomali lwangaphandle maximum amount that a South African entity can invest ouside the country. ▾

228 foreign tax collection isiZuluukuqoqwa kwentela evela ngaphandle revenue from taxpayers' foreign income. / Revenue collected on behalf of a foreign tax administration. ▾

229 foreign tax credit isiZuluinkokhelontela evela ngaphandle non-refundable tax credit for income tax paid to a foreign government. ▾

230 fraud isiZuluukukhwabanisa crime of getting money through deception. ▾

231 free trade area isiZuluamazwe ahwebelana ngokuvulelekile territory in which governments have agreed to remove customs duties and trade restrictions. ▾

232 freight declaration isiZuluukudalulwa kwezezithuthi information submitted prior to, or upon, import or export, describing the goods arriving or departing. ▾

233 freight forwarder isiZuluumsebenzeli wezezithuthi coordinates the movement of goods on behalf of a shipper by liaising with carriers. ▾

234 fringe benefit isiZuluumhlomulo owengeziwe advantage that an employee enjoys in addition to remuneration. ▾

235 frontier traffic isiZuluukuhamba kwezimoto nabantu emngceleni import/export by inhabitants of a frontier between two adjacent customs regimes. ▾

236 Fuel Levy isiZuluInteliso Yezinikamandla tax on petroleum products manufactured in or imported into South Africa. ▾

237 full scope audit isiZuluucwaningomabhuku oluphelele scrutinises all financial aspects of an organisation. ▾

238 function isiZuluumsebenzi/ukusebenza capability of a computer. ▾

239 Gift Tax isiZuluiNtela Yesipho see Donations Tax. ▾

240 Government Employees' Pension Fund isiZuluiSikhwama Sempesheni Sezisebenzi ZikaHulumeni pension fund for South African civil servants. ▾

241 gratuity isiZuluumbongo amount of money to reward service. ▾

242 Gross Domestic Product (GDP) isiZuluiSambamkhiqizo Sezwe Esiphelele/i-GDP final monetary value of all goods and services produced in a country. ▾

243 gross income isiZuluumholo uwonke/umholo ungakancozulwa/imalingeniso iyonke amount earned before tax and other deductions. ▾

244 Guaranteeing Association isiZuluiNhlangano Eqinisekisayo guarantees temporary admission documents issued either directly or through authorised Issuing Associations. ▾

245 guardian isiZuluumnakekeli has the legal right and responsibility to take care of someone who cannot take care of himself or herself, such as a child. ▾

246 habit-forming drug isiZuluisidakamizwa esihuhayo addictive substance. ▾

247 haulier isiZuluumhambisimpahla transports goods by road. ▾

248 high net worth individual isiZuluingquphunga/ injinga/ impunyela owns assets amounting to a large monetary value. ▾

249 higher purpose isiZuluukusebenza ngokobizo/ukusebenza ngokuzinikela ideal (in SARS's case, to enable social development). ▾

250 hire purchase isiZuluukuthenga ngesikweletu to acquire a good with a deposit and paying the remaining cost in instalments. ▾

251 house bill of lading isiZuluisitifiketi sokuthutha / isivumelwano sokuthutha legal proof of contract between consignee and carrier. ▾

252 Income Tax isiZuluIntela Yemalingeniso portion of a person's income taken by government. ▾

253 identity fraud isiZuluukukhwatshaniswa kwenhlonzamuntu crime of stealing another person's information or impersoning them to obtain money or goods. ▾

254 identity theft isiZuluukwebiwa kwenhlonzamuntu to impersonate another person illegally. ▾

255 illicit economy isiZuluezomnotho ezingavunyelwe ngumthetho/ ezomnotho eziqhutshwa ngokungemthetho circulation of illegal goods facilitated by unlawful transactions. ▾

256 impermissible trade isiZuluuhwebo olungavumelekile any trade carried on in respect of immovable property, other than a trade carried on as a hotelkeeper. ▾

257 in bond isiZuluokusaboshiwe kept in a customs warehouse. ▾

258 incidental cost isiZuluizindleko ezingalindelekile/ izindleko ezingahleliwe small, unplanned costs incurred while conducting business. ▾

259 inclusion rate isiZuluisamba esithelelwayo multiplied with a person's net capital gain for a certain year to arrive at the taxable capital gain. ▾

260 income protection contributions isiZuluiminikelo wokuvikela imalingeniso payment toward an insurance policy guaranteeing income in the event of disability. ▾

261 Income Tax Act isiZuluuMthetho Wentela Yemalingeniso consolidates the law governing taxation of income and donation in South Africa. ▾

262 Income Tax Certificate isiZuluiSitifiketi Sentela Yemalingeniso official proof of earnings. ▾

263 Income Tax Return for Companies and Close Corporations (ITR14) isiZuluAmafomu Okubuyisa Imininingwane Ngentela Yemalingeniso Yezinkampani Nemifelandawonye Emincane/i-ITR14 SARS form through which businesses declare income and pay tax. ▾

264 Income Tax Statement of Account isiZuluIsitatimende Se-akhawunti Sentela Yemalingeniso shows the balance of a tax account (including penalties and interest). ▾

265 indemnity isiZuluushwele exemption from legal liability. ▾

266 Indirect Tax isiZuluintela ecashile levied on goods and services (e.g. through VAT, customs duty, or Environmental Tax), the cost of which can be passed to consumers. ▾

267 Industrial Development Zone isiZuluiNdawo Ehlonzelwe Ukwakha Izimboni designated sites linked to an international air or sea port, supported by incentives to encourage investment in export-oriented manufacturing and job creation. ▾

268 inflation isiZuluukwehla kwamandla emali general, continuous increase in prices. ▾

269 insolvent isiZuluukuhlulwa izikweletu insufficient money to pay debts or buy goods. ▾

270 inter vivos trust isiZuluithrasti oyenza usaphila/ithrasti i- inter vivos created during the lifetime of a person through a contract between the founder and the trustee(s) for the beneficiaries' gain. ▾

271 intermediary isiZuluumxhumanisi/ umhlanganisi carries messages or helps to arrange an agreement between people who do not or cannot meet. ▾

272 International Customs Day isiZuluuSuku Lwamazwe Ngamazwe Lwehhovisi Elilawula Impahla Emngceleni annual World Customs Organization celebration (falls on 26 January). ▾

273 joint venture isiZuluibhizinisi elihlanganyelwe association of persons pooling expertise or capital to form a new enterprise. ▾

274 juristic person isiZuluumuntu ngokomthetho artificially created entity such as a company or trust. ▾

275 labour broker isiZuluofunela abanye umsebenzi /otholela abanye umsebenzi individual who procures workers for a client. ▾

276 lease premium isiZuluinkokhelokubekisa received as a cash lump-sum at the start of a lease and is not refundable. ▾

277 letter of authority isiZuluincwadi yesigunyazo issued by the Master of the High Court to the administrator of a deceased person's estate. ▾

278 letter of executorship isiZuluincwadi yokwaba ifa issued by the Master of the High Court to grant the nominated executor the legal authority to manage and distribute the deceased's estate. ▾

279 letter of good standing isiZuluincwadi yesimosihle proof of a company's business compliance. ▾

280 leverage product isiZuluuhwebo lwentembisonzuzo financial instruments allowing traders to speculate on the market by buying assets with debt. ▾

281 levy isiZuluinteliso amount of money (such as a tax) that must be paid to the government or an organisation. ▾

282 liquidation isiZuluukuhlakazwa kwenkampani when the assets of a closed or bankrupt organisation are sold to pay creditors. ▾

283 liquidity trap isiZuluingcuphe yokucwila ezikweletini when savings are high despite low interest rates (savers prefer liquidity despite low yields). ▾

284 listed security isiZuluisabelo esisohlwini lwezimakethe zezabelo asset listed on an exchange (e.g. shares in a public company). ▾

285 Local Tax isiZuluIntela Ezingeni Lomasipala levied only in a specific area (e.g. to fund local services). ▾

286 lump-sum benefit isiZuluumhlomulo oyisamba money paid out by a pension, pension preservation, provident, provident preservation, or retirement annuity. ▾

287 marginal tax rate isiZuluintela engengakanani rates chargeable on taxable income determined annually by Parliament. ▾

288 macro-economic factor isiZuluokunomthelela obanzi kwezomnotho phenomenon that affects a regional or national economy; broad indicator of economic performance. ▾

289 market contagion isiZuluukuphazamiseka kwezimakethe spread of an economic problem (or benefit) between countries. ▾

290 marketable securities isiZuluizabelo ezingathengiseka securities, stocks, debentures, shares, options, or other assets capable of being sold in a share-market or exchange. ▾

291 maturity amount isiZuluimali evuthiwe/ isamba esivuthiwe money paid out once the financial instrument expires. ▾

292 medical-scheme fees tax credit isiZuluintelamhlomulo yezimali zohlelo lwezokwelashwa non-refundable rebate to decrease the tax due from taxpayers registered with a medical scheme. ▾

293 Medium Term Budget Policy Statement isiZuluiSitatimende Senqubomgomo Yesabelomali Samaphakathi Nonyaka intermediate, adjusted national budget. ▾

294 Medium-term Expenditure Committee isiZuluIKomidi Lemalinsebenzo Yamaphakathi Nonyaka technical committee that reviews the Medium-term Expenditure Framework budget submissions of national departments and recommends allocations. ▾

295 Medium-term expenditure framework isiZuluuHlaka Lwemalinsebenzo Yamaphakathi Nonyaka three-year spending plans of national and provincial governments published at the time of the Budget. ▾

296 memorandum of incorporation isiZuluimemorandamu yokwamukeleka public document which sets out the rights, obligations, and responsibilities of shareholders, directors, and prescribed officers of a company. ▾

297 merchant bank isiZuluibhange lezohwebo does business with companies rather than individual savers. ▾

298 Mineral and Petroleum Royalty isiZuluiNzuzobunini Yezimbiwa Nokusaphethilomu/uMvuzobunini Wezimbiwa Nokusaphethilomu money due to the National Revenue Fund, as a portion of the value of minerals extracted in South Africa. ▾

299 money laundering isiZuluukugunyatha imali process to conceal the illegal source of proceeds through financial transactions to make them appear legitimate. ▾

300 monthly employer declaration isiZuluukudalula komqashi nyangazonke used by businesses to declare and pay Pay-As-You-Earn, the Skills Development Levy, Unemployment Insurance Fund contributions, and the Employment Tax Incentive. ▾

301 mortis causa trust isiZuluithrasti esunguleka ngencwadi yefa testamentary trust set up in terms of the will of a person and comes into effect after their death. ▾

302 multistage tax isiZuluintela ezigabaningi indirect tax charged on the same goods at successive stages of production. ▾

303 nominal exchange rate isiZuluizinganani lokuthengiselana current rate of exchange between the rand and foreign currencies. ▾

304 narcotic substance isiZuluokuyisidakamizwa drug. ▾

305 natural person isiZuluumuntu ngokwendalo living human being. ▾

306 net income isiZuluimalingeniso encozuliwe money left after all tax and other costs are paid off. ▾

307 New Customs Act Programme isiZuluuHlelo Lomthetho Wezokulawula Impahla Emngceleni olusha modernised legislation to simplify customs administration. ▾

308 non-compliance isiZuluukungathobeli/ukungalandeli failure to submit a tax return, or to contravene tax law. ▾

309 non-core tax isiZuluintela yokuseceleni fees and duties not classified as Income Tax. ▾

310 non-eligible purchase isiZuluukuthenga okungavumelekile fuel purchases not eligible for the Diesel Refund Return. ▾

311 non-provisional taxpayer isiZuluumkhokhintela ovamile settles tax due through PAYE and submits only an ITR12. ▾

312 non-standard employment isiZuluukuqashwa ngokungemvama employment contract requiring less than 22 hours' labour a week; casual, part-time, or temporary employment. ▾

313 Notice of Appeal isiZuluiSaziso Sokudlulisa Udaba disupute form submitted to SARS to have a tax decision reviewed. ▾

314 Notice of Objection isiZuluiSaziso Sokuphikisa dispute form submitted to SARS when a taxpayer disagrees with a tax decision. ▾

315 novel, practical, and non-obvious (novel) isiZuluokuhle, okungenzeka nokungekho obala/okuhle okungenzeka nokusithibele criteria to achieve a patent. ▾

316 objection isiZuluukuphikisa/isiphikiso disagreement (e.g. with a tax assessment). ▾

317 offset isiZuluisambakulinganisa/isamba kucozula to balance one factor against another (e.g. a financial loss against a taxable capital gain or emissions reduction against a carbon tax). ▾

318 omission of income isiZuluukungafaki imalingeniso failure to declare income on a tax return. ▾

319 online isiZulungokohleloxhumano lwezobuchwepheshe controlled by or connected to a computer; connected to the internet. ▾

320 open market value isiZuluinani kwezentengiselwano evulelekile/ inani emakethe evulelekile fair price of an asset sold under normal circumstances or in an auction. ▾

321 organised crime isiZuluubugebengu obuhleliwe enterprises or criminal networks engaging in illegal activity for profit. ▾

322 originator isiZuluumsunguli/umqambi person who sends, generates, stores, or transmits any electronic message, and does not include an intermediary. ▾

323 outline agreement isiZuluisivumelwano esiwuhlaka longer-term arrangement between the procurement centre and a vendor for the supply of materials or services based on predefined terms and conditions. ▾

324 out-of-pocket expenses isiZuluizindleko eziphuma kuwe costs that a person covers with his own funds. ▾

325 outturn report isiZuluumbiko wobunjalompahla customs document indicating the difference between cargo reported and cargo actually unloaded. ▾

326 ownership trust isiZuluithrasti yobunikazi founder or settlor transfers ownership of assets or property to a trustee (in a fiduciary capacity) to be held for the gain of the trust's beneficiaries. ▾

327 Promotion of Access to Information Act isiZuluuMthetho Wokukhuthaza Ukutholakala Kolwazi freedom of information law; gives the constitutional right of access to information held by the state or private bodies. ▾

328 Promotion of Administrative Justice Act isiZuluuMthetho Wokukhuthaza Ubulungiswa Kwezokuphatha gives effect to the constitutional right to lawful, reasonable, and procedurally fair administrative action. ▾

329 participatory interest isiZuluinzalo yokuzibandakanya/ inzalo yokubamba iqhaza/ingxenye / intshisekelo yokuzibandakanya each investor's share of the pool of investments that are combined to create a single scheme. ▾

330 passive income isiZuluimalingeniso ongasayisebenzeli unearned income. ▾

331 password isiZuluigamamfihlo/igamamvume secret word or combination of letters/numbers to verify an identity. ▾

332 Pay-As-You-Earn (PAYE) isiZuluIntela Ngokobungakomholo/i-PAYE employers' deduction of tax payable on employees' remuneration. ▾

333 payment holiday isiZuluikhefu ekukhokheni brief suspension of payments under certain conditions. ▾

334 payment lot isiZuluisambankokhelo payments combined to be processed together. ▾

335 Payroll Tax isiZuluIntela Yohlu Lwabaholelwayo includes PAYE, Skills Development Levy, and Unemployment Insurance Fund contributions. ▾

336 Penalty Assessment Notice (AP34) isiZuluiSaziso Senhlawulo Yokungalethi Imininingo Yentela/i-AP34)/iSaziso Senhlawulo Yokuhlolwa/i-AP34 sent to a taxpayer indicating the amount of the penalty imposed by virtue of tax legislation. ▾

337 Personal Identification Number (PIN) isiZuluInombolo Eyinhlonzabunini/ Inombolomfihlo/i-PIN unique number representing a person's identity. ▾

338 Personal Income Tax isiZuluIntela Yemalingeniso Yomuntu normal tax an individual pays on income. ▾

339 Personal Liability Company isiZuluiNkampani Ebophezeleke Kumuntu private company used mainly by professional associations such as lawyers, engineers, and accountants. Directors can be held responsible for the company's debt. ▾

340 phishing isiZuluukulutha ngezobuchwepheshe/ ukuwaka ngezobuchwepheshe theft of personal information through misleading (often electronic) communication. ▾

341 Power of Attorney isiZuluiGunya Lommeli appointment of an intermediary with the right to perform functions on behalf of another entity. ▾

342 Prevention of Organised Crime Act isiZuluUMthetho Wokunqanda Ubugebengu Obuhleliwe law to combat organised crime, money laundering, and criminal gang activities. ▾

343 proceeds isiZuluimalintolwa money received from an event or sale. ▾

344 Progressive Tax isiZuluiNtela Ngokwemalingeniso tax rate increases with income. ▾

345 Property Tax isiZuluiNtela Yempahla ad valorem tax on a property (administered by the municipality). ▾

346 pro-rata isiZuluokuyisabelosilinganiso portion of the fixed rate for a larger total; pay or benefits calculated using a smaller number of hours worked versus the full-time amount. ▾

347 provident fund isiZuluisikhwama sokuhlinzekela provides benefits for its members when they retire from employment. ▾

348 provisional tax liability isiZuluisibopho sentela yesikhashana amount owed in respect of Provisional Tax. ▾

349 provisional taxpayer isiZuluumkhokhintela wesikhashana a company or someone whose income does not derive from remuneration subject to PAYE. ▾

350 proviso isiZuluumbandela statement in a legal document stipulating that one thing must happen before another. ▾

351 psychotropic substance isiZuluisidakamizwa esiphazamisa ingqondo mind-altering chemical. ▾

352 quantitative quota isiZuluimvunyelwabungako any pre-set quantity, authorised for importation or exportation of given goods, during a specified period, beyond which no additional quantity of these goods can be imported or exported. ▾

353 qualifying equity shares isiZuluizabelo zokulinganiseka ezifanelekile held by a venture capital company and issued by a qualifying company for an amount other than the market value of the share at the time of disposal or redemption. ▾

354 racketeering isiZuluukuhweba ngokungemthetho nangokungathembeki making money through dishonest or illegal activity. ▾

355 real effective exchange rate isiZuluinani lemalihwebelwano elisebenzayo measures the rate of exchange of the rand relative to a tradeweighted average of South Africa’s trading partners’ currencies, adjusted for price trends. ▾

356 Real Estate Investment Trust isiZuluiThrasti Yotshalomali Ezakhiweni publicly traded company that owns, operates, or finances income-producing properties. ▾

357 rebate isiZuluisephulelombuyiselo all or part of the tax duty is reduced or remitted under certain conditions. ▾

358 recession isiZuluinzikamnotho period of low economic activity marked by business failure and unemployment. ▾

359 reconciliation declaration (EMP501) isiZuluukudalula uhlelomabhuku lwezimali document declaring an employer’s PAYE, SDL, and UIF liabilities, which can set off payments against liabilities. ▾

360 recoup isiZuluukubuyisela recovery of funds. ▾

361 refund isiZuluimbuyiselwa/imali ebuyayo to pay back money spent; to have a sum of money returned. ▾

362 Registrar of Deeds isiZuluiHhovisi Lababhalisi Bezezakhiwo oversees the property registry. ▾

363 regulated intermediary isiZuluumxhumanisi olawulwayo person who administers dividend payments declared by a company. ▾

364 relief consignment isiZuluizimpahla zokulekelela enhlekeleleni goods supplied as aid to those affected by disaster. ▾

365 repo (re-purchase) rate isiZuluizinga lempindakuthengwa rate at which the Reserve Bank lends money to commercial banks. ▾

366 Request for Remission (RFR) isiZuluiSicelo Sokwesulwa Kwesikweletu dispute lodged by taxpayers to have their Administrative Penalty waived. ▾

367 restraint of trade isiZuluukunqindwa kohwebo restriction imposed by an employer limiting the employer's choice of occupation after termination. ▾

368 retirement annuity fund isiZuluisikhwama somhlalaphansi investment to save for retirement (gains are tax-free upon maturity). ▾

369 Retirement Fund Tax isiZuluiNtela Yesikhwama Somhlalaphansi repealed 1 March 2007. ▾

370 ring-fence isiZuluizindlekokubiyelwa to protect a sum of money or to dedicate it for a specific purpose. ▾

371 ripple effect isiZuluumphumela othelelanayo situation in which one thing causes a series of other things to happen; spreading consequences. ▾

372 rolling stock (rail) isiZuluamaguzu engines and carriages used on a railway. ▾

373 rollover isiZuluindlulisasikweletu when money is moved from one investment to another, often without the need to pay tax; or when a loan agreement is extended. ▾

374 royalty isiZuluinzuzobunini/umhlomulobunini payment to owners of intellectual property or land every time their assets are used by others. ▾

375 sanitiser isiZuluisibulalimagciwane/ isanithayza anti-bacterial cleaning agent; hand-washing liquid. ▾

376 Service Charter isiZuluuMqulu Wemigomo Yezinsizakalo describes the rights and obligations that SARS and taxpayers have with respect to each other. ▾

377 Safeguard Duty isiZuluiNtelo Yokuvikeleka customs duty levied on goods as an emergency action to prevent economic or environmental harm. ▾

378 scam isiZuluuhlelokulutha/ uhlelonkohliso dishonest plan to deceive people to make money. ▾

379 sequestration isiZuluukudliwa kwempahla ngokomthetho court order to possess someone's property temporarily until their debts are paid. ▾

380 severance benefit isiZuluumhlomulo wokuyeka emsebenzini/ umhlomulo wokuphelelwa umsebenzi remumeration when employment is terminated. ▾

381 share block company isiZuluinkampani ebuninibuhlanganyelwe acquires the title to a property and allows individuals to purchase space within the property, who simultaneously become shareholders in the company. ▾

382 shipping line isiZuluibhizinisi lemikhumbi owns and operates ships to transport cargo. ▾

383 short-shipped isiZuluimpahla engaphelele/ impahla eshodayo missing or undelivered freight. ▾

384 simulated calculation isiZuluukubalakungathekisa/isibalosingathekiso tax assessment for certain taxpayers that SARS generates using third-party information. ▾

385 simulator isiZuluisibali sokungathekisa machine designed to represent real conditions. ▾

386 Skills Development Levy isiZuluiNteliso Yokuthuthukiswa Kwamakhono imposed on employers to encourage learning and development in South Africa. ▾

387 Skills Education and Training Authority isiZuluuPhiko Lokufundisa Amakhono Noqeqesho government entity to help people acquire skills needed for employment in certain sectors. ▾

388 small business tax amnesty isiZuluushwele wentela emabhizinisini amancane amnesty regime under which certain businesses can voluntarily disclose non-compliance. ▾

389 sole proprietor isiZuluumnini ongusimayedwa self-employed person who runs a business without partners. ▾

390 South African Revenue Service (SARS) isiZuluuPhiko Lwemalingeniso Eqoqwayo LwaseNingizimu Afrika/i-SARS South Africa's tax authority. ▾

391 Southern African Customs Union Agreement isiZuluiSivumelwano Senyunyana Yamahhovisi Empahla Emingceleni ye-Afrika EseNingizimu allows for the unrestricted flow of goods and services, and a sharing of customs and excise revenue, between South Africa, Botswana, Namibia, Lesotho, and Swaziland. ▾

392 sovereign debt isiZuluisikweletu sombuso debt issued by a government. ▾

393 Special Economic Zones isiZuluiZindawo Zomnotho Ezikhethekile geographically designated areas set aside for specifically targeted economic activities. ▾

394 spin off isiZuluukuhlumisa igatsha lenkampani useful and unexpected result in addition to the intended result. ▾

395 spot rate isiZuluinanisilinganiso elisebenzayo exchange rate at the date of the transaction. ▾

396 Stamp Duty isiZuluIntelo Yesigxivizo repealed 1 April 2009. ▾

397 standard employment isiZuluukuqashwa ngokwemvama the employee must render services to a single employer for a period of at least 22 hours in every full week. ▾

398 statutory body isiZuluumgwamanda omiswe ngokomthetho entity created by law to implement legislation. ▾

399 subsistence allowance isiZuluimalisabelo eyingqaphazimo reimbursement for costs incurred (for accommodation and meals) during business travel. ▾

400 Sugary Beverages Levy isiZuluiNteliso Yeziphuzo Ezinoshukela levied on drinks containing a certain amount of sugar. ▾

401 sundry isiZuluingxubevange several different; various. ▾

402 sweeping account isiZului-akhawunti edlulisa imali control account between SARS's bank account and National Treasury bank account. ▾

403 Tax Administration Act isiZuluuMthetho Wokuphathwa Kwentela law that governs the collection, administration, and enforcement of taxes in South Africa. ▾

404 Tax Exemption Unit isiZuluuPhiko Lokulawula Abangayikhokhi Intela SARS authority regulating tax-exemption designation. ▾

405 tariff isiZuluumthelo charge or list of charges either for services or on goods entering a country ▾

406 tax buoyancy isiZuluukukhaphuzela kwentela /umdlandla kwezentela relationship between total tax revenue collection and economic growth (includes the effects of policy changes on revenue). ▾

407 tax clearance certificate isiZuluisitifiketi sobumsulwa kwezentela issued by SARS to validate the tax status of a taxpayer, specifically with regard to compliance. ▾

408 tax compliance status isiZuluisimo sentobelontela indicates if the taxpayer is in good standing with SARS. ▾

409 tax evasion isiZuluukugwema intela/ukubalekela intela illegal concealment of income and withholding of tax due. ▾

410 tax-free savings isiZuluukonga okungatheliswa certain amount of money saved for which interest, dividends, or capital gains will be free of tax. ▾

411 Tax Ombud isiZuluuMlamuleli Kwezentela independent and impartial officer who deals with taxpayers' complaints against SARS. ▾

412 tax practitioner isiZuluusontela specialist who advises on tax law or assists with filing tax returns. ▾

413 tax relief isiZuluukuxegiselwa intela government measures to reduce the tax burden under certain circumstances. ▾

414 tax return isiZuluifomumniningo lezentela form declaring earnings. ▾

415 tax-return wizard isiZuluiseluleki sefomumniningo lezentela online tool that consists of a series of questions to determine the personalised containers to be created for that particular income tax return. ▾

416 tax shelter isiZuluisigubezeli sentela financial arrangement through which investments avoid being subject to tax. ▾

417 taxable accrual isiZuluukhulokunqwabelana olutheliswayo future income or expenses (i.e. those indicated through accrual accounting) subject to tax. ▾

418 testamentary trust isiZuluithrasti esunguleka ngencwadi yefa set up in terms of the Last Will and Testament of a person and comes into effect after such a person's death. ▾

419 testator isiZuluumbhali wefa someone who makes a will. ▾

420 title-guarantee company isiZuluinkampani eqinisekisa ubuninitayitela specialised firm that validates property titles. ▾

421 trade embargo isiZuluukuvinjelwa kokuhwebelana suspension of trade. ▾

422 trajectory isiZuluukhondo direction in which something moves or develops. ▾

423 transfer pricing isiZuluintengo yokudlulisela price at which goods or services are exchanged between parties. ▾

424 transit bond note isiZuluisaziso sodlulisompahla Customs document authorising goods to be conveyed in Customs transit without prior payment of import duties and taxes. ▾

425 transshipment isiZuluukuxhumanisa imigudukuhamba yempahla ngomkhumbi unloading of goods from one ship and its loading into another to complete a journey to a further destination. ▾

426 trust isiZuluithrasti money or other assets which are administered and controlled by a person acting in a fiduciary capacity (appointed under a deed, agreement, or will). ▾

427 trustee isiZuluumphatheli person (usually one of a group) who manages a trust. ▾

428 turnover isiZuluisambamalingeniso sebhizinisi amount of money a company receives for goods sold or services rendered. ▾

429 Unemployment Insurance Fund (UIF) isiZuluiSikhwama Somshwalense Wokungasebenzi/i-UIF state fund offering short-term relief to workers when they become unemployed or are unable to work. ▾

430 understatement penalty isiZuluinhlawulo yokudalula okungaphelele levied when a taxpayer declares income that falls short of actual income. ▾

431 unincorporated joint venture isiZuluIbhizinisikuhlanganyelwa elingesiyo inkampani contract entered into by two or more parties with no form of equity capital. ▾

432 unique identifier number isiZuluinombolo yokuhlonza okukhethekile allocated to each property, local business, trade, or profession per the information declared on income tax form. ▾

433 unit trust isiZuluutshalomali ezabelweningxube/ iyunithithrasti service where financial experts invest the money of many people in many different companies. ▾

434 unlimited company isiZuluinkampani engenamkhawulo the shareholders are liable to pay the organisation's debt with their own assets. ▾

435 Urban Development Zone isiZuluiNdawo Ethuthukiswa Ngokobudolobha location in which taxpayers can claim an accelerated depreciation allowance on the costs of buildings erected, extended, or improved. ▾

436 Value-Added Tax (VAT) isiZuluiNtela Yentengo/i-VAT fixed-rate tax on consumption imposed by vendors on their goods and services on behalf of the state. ▾

437 value-proposition isiZuluisiphakamisonani appealing benefit. ▾

438 variable ratio isiZuluizingasilinganiso elihlukahlukayo /izingasilinganiso eliguquguqukayo ▾

439 vendor isiZuluumthengisi/umdayisi entity liable to register for VAT. ▾

440 venture capital company isiZuluinkampani ehlinzeka ngemali kubatshalizimali offers equity finance to businesses. ▾

441 vesting trust isiZuluithrasti ecacisa ngemihlomulo income, capital gains, or assets are vested to a beneficiary in terms of the trust instrument. ▾

442 Voluntary Disclosure Programme isiZuluuHlelo Lokudalula Ngokuzithandela amnesty regime in which taxpayers can disclose non-compliance in exchange for reduced penalties. ▾

443 warehouse isiZuluisigcinampahla/ inqolobane large building used to store goods. ▾

444 waste disposal assets isiZuluimpahla yokulahla udoti/ impahla yokulahla imfucuza used to manage, treat, or dispose of waste. ▾

445 Wealth Tax isiZuluIntela Yengcebo/Intelamcebo imposed on property or financial assets above a certain level. ▾

446 wear and tear isiZuluukudleka/ ukuguga damage from ordinary use. ▾

447 Wills Act isiZuluuMthetho Wezincwadi Zamafa consolidates and amends the law relating to the execution of wills. ▾

448 windfall gain (or windfall profit) isiZuluinzuzo engalindelekile significant sum of money received unexpectedly. ▾

449 World Customs Organization isiZuluiNhlangano Yomhlaba Yamahhovisi Alawula Impahla Emingceleni intergovernmental institution promoting international cooperation in customs matters. ▾

450 write-off period isiZuluisikhathi sokwesulwa isikweletu lifecycle of an asset during which its value can be reduced for tax purposes. Taxpayers can claim a depreciation allowance during this period. ▾