0708
Paints and varnishes
Profit Code
0708
Loss Code
0709
Category
07 - Chemicals, Rubber and Plastic
Description
SARS profit code 0708 (loss: 0709) classifies Paints and varnishes within main category 07 (Chemicals, Rubber and Plastic). 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 0708 in the profit code field if your business is primarily engaged in paints and varnishes. If your business made a loss, use code 0709 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 07
| Code | Description |
|---|---|
| 0702 | Basic chemicals |
| 0704 | Fertilisers |
| 0706 | Pesticides |
| 0710 | Pharmaceuticals |
| 0712 | Soap and cleaning products |
| 0714 | Other chemicals |
| 0716 | Rubber tyres |
| 0718 | Other rubber products |
| 0720 | Plastics |