0716
Rubber tyres
Profit Code
0716
Loss Code
0717
Category
07 - Chemicals, Rubber and Plastic
Description
SARS profit code 0716 (loss: 0717) classifies Rubber tyres 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 0716 in the profit code field if your business is primarily engaged in rubber tyres. If your business made a loss, use code 0717 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 |
| 0708 | Paints and varnishes |
| 0710 | Pharmaceuticals |
| 0712 | Soap and cleaning products |
| 0714 | Other chemicals |
| 0718 | Other rubber products |
| 0720 | Plastics |