1002
Structural metal products
Profit Code
1002
Loss Code
1003
Category
10 - Fabricated Metal Products
Description
SARS profit code 1002 (loss: 1003) classifies Structural metal products within main category 10 (Fabricated Metal Products). 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 1002 in the profit code field if your business is primarily engaged in structural metal products. If your business made a loss, use code 1003 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 10
| Code | Description |
|---|---|
| 1004 | Tanks and reservoirs |
| 1006 | Steam generators |
| 1008 | Weapons and ammunition |
| 1010 | Cutlery and hand tools |
| 1012 | Other metal products |