0208
Diamond mining
Profit Code
0208
Loss Code
0209
Category
02 - Mining and Quarrying
Description
SARS profit code 0208 (loss: 0209) classifies Diamond 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 0208 in the profit code field if your business is primarily engaged in diamond mining. If your business made a loss, use code 0209 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 |
| 0206 | Platinum mining |
| 0210 | Other mining |
| 0212 | Quarrying |
| 0214 | Mining services |