Payroll Definitions and Terms

Browse the glossary using this index

Special | 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 | ALL

C

Calendar Day

All days in a month, including weekends and holidays. Each month contains thirty-to thirty-one Calendar days, unless it’s the month of February which only has 21 Calendar days unless it’s a leap year.

Capital flow

A flow of investments in and out of the country.

Cash equivalent

For taxable benefit purposes, a cash equivalent shall be the value of the taxable benefit less any consideration (if applicable) given by the employee.

CCMA

Commission for Conciliation, Mediation and Arbitration.

Certificate type

Type of certificates for which tax is to be levied. Types of certificates include: IRP5; IT3(a); ITREG (to be used when registering an employee for income tax). Note: Additional certificate types may be added at a later stage.

Certified declaration of origin

A declaration of origin certified by an authority or body empowered to do so

Client

Any person or enterprise conducting business with SARS.

Company

Company means any corporation, or company incorporated, established or formed by or under any law.

Computer

Processing. (Temporary Exportation / Setting-off with equivalent goods), which performs logical, arithmetic and memory functions by manipulation of electronic, magnetic or optical impulses and includes all input, output, processing, storage computer software or communication facilities which are connected or related to the computer in a computer or a computer network.

Computer Network

The interconnection of one (1) or more computers through the use of satellite, microwave, terrestrial line or other communication media and terminals or a complex consisting of two (2) or more interconnected computers whether or not the interconnection is continuously maintained. The exchange of information between various computers is known as EDI – Electronic Data Interchange.

Page: 1 2 3 (Next)
ALL