1004
Tanks and reservoirs
Profit Code
1004
Loss Code
1005
Category
10 - Fabricated Metal Products
Description
SARS profit code 1004 (loss: 1005) classifies Tanks and reservoirs 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 1004 in the profit code field if your business is primarily engaged in tanks and reservoirs. If your business made a loss, use code 1005 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 |
|---|---|
| 1002 | Structural metal products |
| 1006 | Steam generators |
| 1008 | Weapons and ammunition |
| 1010 | Cutlery and hand tools |
| 1012 | Other metal products |