0510
Luggage and handbags
Profit Code
0510
Loss Code
0511
Category
05 - Clothing and Footwear
Description
SARS profit code 0510 (loss: 0511) classifies Luggage and handbags 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 0510 in the profit code field if your business is primarily engaged in luggage and handbags. If your business made a loss, use code 0511 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 |
| 0504 | Fur articles |
| 0506 | Knitted and crocheted apparel |
| 0508 | Leather tanning |
| 0512 | Footwear |