1106
Agricultural machinery
Profit Code
1106
Loss Code
1107
Category
11 - Machinery and Equipment
Description
SARS profit code 1106 (loss: 1107) classifies Agricultural machinery 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 1106 in the profit code field if your business is primarily engaged in agricultural machinery. If your business made a loss, use code 1107 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 |
|---|---|
| 1102 | Engines and turbines |
| 1104 | Pumps and compressors |
| 1108 | Machine tools |
| 1110 | Mining and construction machinery |
| 1112 | Food processing machinery |
| 1114 | Other special-purpose machinery |
| 1116 | Office machinery |