1008
Weapons and ammunition
Profit Code
1008
Loss Code
1009
Category
10 - Fabricated Metal Products
Description
SARS profit code 1008 (loss: 1009) classifies Weapons and ammunition 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 1008 in the profit code field if your business is primarily engaged in weapons and ammunition. If your business made a loss, use code 1009 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 |
| 1006 | Steam generators |
| 1010 | Cutlery and hand tools |
| 1012 | Other metal products |