0206
Platinum mining
Profit Code
0206
Loss Code
0207
Category
02 - Mining and Quarrying
Description
SARS profit code 0206 (loss: 0207) classifies Platinum 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 0206 in the profit code field if your business is primarily engaged in platinum mining. If your business made a loss, use code 0207 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 |
| 0204 | Gold mining |
| 0208 | Diamond mining |
| 0210 | Other mining |
| 0212 | Quarrying |
| 0214 | Mining services |