Glossary

This glossary describes some of the terms used on the SARS website. While every effort has been made to present accurate and up-to-date definitions, this glossary should be used as an interpretive aid only and not as an authority. SARS will not be liable for any damages of whatsoever nature arising out of the use of, reference to or reliance on any of the definitions contained herein.
 
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
 

 
Jacks
Male donkeys

JAD
Joint Application Design

JCPS
Justice, Crime, Prevention and Security

JD
Job Description

Jennies
Female donkeys

Jeopardy assessment
An assessment raised by SARS (in terms of section 94 of the TAA) before the date on which the return is normally due, where the collection of tax could be at risk. SARS (on whom the burden of proof falls) must have reasonable grounds to raise a jeopardy assessment.

Johannesburg convention
The expression commonly used to refer to the International Convention on Mutual Administrative Assistance in Customs Matters, adopted by the Customs Co-operation Council in Brussels in 2003.

Joint venture
An association of persons who choose to enter into a venture or scheme for purposes of sharing expertise, skills and knowledge, and of sharing property and capital to ultimately minimize risks, increase organisational stature and secure a more competitive advantage in the market.

JOURNAL
Re-allocation of payment from one SARS account to another by way of a double entry.

JRNLAPP
This function is used to approve, enquire, cancel, view balance of account or reprint simulated journals.

JRNLPRNT
This function can be used to enquire or reprint an approved journal transaction.

JRNLSIM
This function is used to simulate a journal transaction without effecting the change on the account.

JSE
Refers to "JSE Limited", previously known as the "JSE Securities Exchange" and the "Johannesburg Stock Exchange". It is South Africa's (and Africa's) largest stock exchange, and the 19th largest in the world. It is based in Johannesburg's financial hub of Sandton and provides a market where various securities can be freely traded under standardised and controlled processes.

Juristic person
Artificially created entities such as a company and trust.
Last Updated: 03/03/2014 4:39 PM     print this page
SARS eFiling eFiling Login eFiling Register Now eFiling Forgot Password eFiling Forgot Username E@syFile
FIND A PUBLICATION
FIND A FORM
FIND AN FAQ