1108
Machine tools
Profit Code
1108
Loss Code
1109
Category
11 - Machinery and Equipment
Description
SARS profit code 1108 (loss: 1109) classifies Machine tools 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 1108 in the profit code field if your business is primarily engaged in machine tools. If your business made a loss, use code 1109 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 |
| 1106 | Agricultural machinery |
| 1110 | Mining and construction machinery |
| 1112 | Food processing machinery |
| 1114 | Other special-purpose machinery |
| 1116 | Office machinery |