0204
Gold mining
Profit Code
0204
Loss Code
0205
Category
02 - Mining and Quarrying
Description
SARS profit code 0204 (loss: 0205) classifies Gold mining within main category 02 (Mining and Quarrying). 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 0204 in the profit code field if your business is primarily engaged in gold mining. If your business made a loss, use code 0205 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 02
| Code | Description |
|---|---|
| 0202 | Coal mining |
| 0206 | Platinum mining |
| 0208 | Diamond mining |
| 0210 | Other mining |
| 0212 | Quarrying |
| 0214 | Mining services |