0504
Fur articles
Profit Code
0504
Loss Code
0505
Category
05 - Clothing and Footwear
Description
SARS profit code 0504 (loss: 0505) classifies Fur articles within main category 05 (Clothing and Footwear). 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 0504 in the profit code field if your business is primarily engaged in fur articles. If your business made a loss, use code 0505 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 05
| Code | Description |
|---|---|
| 0502 | Wearing apparel |
| 0506 | Knitted and crocheted apparel |
| 0508 | Leather tanning |
| 0510 | Luggage and handbags |
| 0512 | Footwear |