1102
Engines and turbines
Profit Code
1102
Loss Code
1103
Category
11 - Machinery and Equipment
Description
SARS profit code 1102 (loss: 1103) classifies Engines and turbines within main category 11 (Machinery and Equipment). 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 1102 in the profit code field if your business is primarily engaged in engines and turbines. If your business made a loss, use code 1103 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 11
| Code | Description |
|---|---|
| 1104 | Pumps and compressors |
| 1106 | Agricultural machinery |
| 1108 | Machine tools |
| 1110 | Mining and construction machinery |
| 1112 | Food processing machinery |
| 1114 | Other special-purpose machinery |
| 1116 | Office machinery |