1006
Steam generators
Profit Code
1006
Loss Code
1007
Category
10 - Fabricated Metal Products
Description
SARS profit code 1006 (loss: 1007) classifies Steam generators 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 1006 in the profit code field if your business is primarily engaged in steam generators. If your business made a loss, use code 1007 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 |
| 1004 | Tanks and reservoirs |
| 1008 | Weapons and ammunition |
| 1010 | Cutlery and hand tools |
| 1012 | Other metal products |