0108
Production of milk
Profit Code
0108
Loss Code
0109
Category
01 - Agriculture, Forestry and Fishing
Description
SARS profit code 0108 (loss: 0109) classifies Production of milk within main category 01 (Agriculture, Forestry and Fishing). This code is used on the ITR14 company income tax return to indicate your business main source of income.
How to Use
When completing the ITR14, enter code 0108 in the profit code field if your business is primarily engaged in production of milk. If your business made a loss, use code 0109 instead.
Note: The profit code is separate from the 5-digit SIC code also required on the ITR14. See our SARS tax guide for more details.
Other Codes in Category 01
| Code | Description |
|---|---|
| 0102 | Pig farming |
| 0104 | Livestock farming |
| 0106 | Crop farming |
| 0110 | Bee keeper |
| 0112 | Mixed farming |
| 0114 | Poultry farming |
| 0116 | Ostrich farming |
| 0118 | Breeding of non-food producing animals |
| 0120 | Horse breeder |
| 0122 | Agricultural services |
| 0124 | Vegetable farming |
| 0126 | Wine farming |
| 0128 | Fruit farming |
| 0130 | Flower and seed growers |
| 0132 | Forestry and logging |
| 0134 | Sugar farming |
| 0136 | Fish breeder |
| 0138 | Tobacco farming |
| 0140 | Wool farming |
| 0142 | Game farming |