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.
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B coded

Brought forward

Bid adjudication committee - a committee constituted to assist the Commissioner in executing his/her PFMA responsibility of ensuring that SARS has and maintains an appropriate procurement and provisioning system which is fair, equitable, transparent, competitive and cost effective. This committee was previously known as the procurement committee.

Back scan
Copies of forms that have already been processed via an electronic channel but need to be digitally stored in Documentum for compliance reasons.

Backdated salary
Salary, wage or similar remuneration payable by the employer to an employee retrospectively, but does not include any bonus.
Business and Individual Taxes

Balance of payments
The balance of payments of a country is the record of all economic transactions between the residents (individuals, firms and government bodies) of the country and the rest of the world in a particular period (over a quarter of a year or more commonly over a year).

Balance of remuneration
Any amount of remuneration after deducting the allowable deductions for employees' tax purposes.

Business Area Manager

The initial allocations used during the budget process, derived from the previous year’s forward estimates.

Basic Amount
The basic amount is the latest assessed taxable income and excludes any taxable capital gain and the taxable portion of any lump sum, and also includes an 8% increase for each year from year last assessed.

Batho Pele
A government initiative aimed at “putting people first”

Border Control Operational Coordinating Committee

Banking Council South Africa

Bulk Data Capture

Bulk Data Capture System

The Bid Evaluation Committee, also known as the Tender Evaluation Committee is a committee of representatives from Procurement, BEE, Finance and Business which is responsible for the evaluation of tenders.

Black Economic Empowerment

Beneficial owner of shares
A person who is entitled to the benefit of the dividend attaching to a share.

The treatment of raw material (such as iron ore) to improve physical or chemical properties especially in preparation for smelting.
Beneficiary of a trust
Any person who has a vested or contingent interest in all or a part of the receipts, accruals or the assets of a trust. The benefit available to a beneficiary depends on the settlor’s purpose when creating the trust and on the extent of the property held in trust.

Branch Front End - the customer-facing part of a SARS branch that directly engages with taxpayers/traders.

Bills of landing
A contract between shipper and shipping company for the conveyance of certain goods from a specified port to another specified port.

Business Intelligence Unit

Botswana, Lesotho, Namibia and Swaziland

Branch managers

Branch Office

Boarding and search of means of transport
The operations under which means of transport are visited by Customs for: (a) collection of information from the person responsible for the means of transport and examination of commercial, transport or other documents concerning the means of transport, the cargo, stores, crew and passengers; and (b) inspection, examination and search of the means of transport.

Branch Operations and Engagements

Bona fide donation
A bona fide donation is a voluntary, gratuitous gift disposed of by the donor out of liberality or generosity, where the donee is enriched and the donor impoverished. There may be no quid pro quo, no reciprocal obligations and no personal benefit for the donor. If the donee gives any consideration at all it is not a donation. The donor may not impose conditions which could enable him or any connected person in relation to himself to derive some direct or indirect benefit from the application of the donation.

An undertaking in due legal form by which a person binds himself to the Customs to do or not to do some specified act.

Bonded warehouse
A building or other secured area licensed in terms of the Customs and Excise Act where goods can be stored while the duty and tax on it is suspended.

Business Process Management Solution

Business Resolution Agent

Break bulk cargo
Goods packed loose and individually into containers and transported as such. May be allowed to be stored in empty containers while at sea for convenience purposes only, but must be removed from the containers before being landed at the port of discharge.

The world's top emerging economies - Brazil, Russia, India, China and South Africa

A labour broker is a person who, for reward, provides and remunerates workers for a client and is either in or not in possession of an exemption certificate (IRP 30). The labour broker either makes available his / her own employees to perform work for a client or he / she procures workers for a client. The labour broker pays the workers.

Business Requirement Specification

File back scanning coversheet

Budget balance
The difference between expenditure and revenue. If expenditure exceeds revenue, the budget is in deficit – or, if the reverse is true, it is in surplus.

Bulk asset request
Request for more than one of exactly the same asset (multiple assets purchase request).

Male cattle

Bunkering of vessels
Supplying bunker fuel to a ship for propulsion of the vessel or for the operation of any equipment on the vessel.

Business day
Any day that is not a Saturday, Sunday or public holiday. For the purposes of determining the days or a period allowed for complying with the provisions of Chapter 9 of the Tax Administration Act No.28 of 2011 (Dispute Resolution), excludes the days between 16 December of each year and 15 January of the following year, both days inclusive.

Business owner
The owner of the application or system to be released, changed or enhanced.

Business partner
A natural or legal person or a group of natural or legal persons, not part of the business organisation but with whom a business interest exists.

Business service
Services as defined in the service catalogue.

An appointed person responsible for procuring goods (IT and non-IT) or services requested through the purchase requisition process.
Last Updated: 20/07/2016 2:21 PM     print this page
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