Carpets and rugs

Description

SARS profit code 0406 (loss: 0407) classifies Carpets and rugs within main category 04 (Textiles). 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 0406 in the profit code field if your business is primarily engaged in carpets and rugs. If your business made a loss, use code 0407 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.