1010
Cutlery and hand tools
Profit Code
1010
Loss Code
1011
Category
10 - Fabricated Metal Products
Description
SARS profit code 1010 (loss: 1011) classifies Cutlery and hand tools 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 1010 in the profit code field if your business is primarily engaged in cutlery and hand tools. If your business made a loss, use code 1011 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 |
| 1008 | Weapons and ammunition |
| 1012 | Other metal products |