1110
Mining and construction machinery
Profit Code
1110
Loss Code
1111
Category
11 - Machinery and Equipment
Description
SARS profit code 1110 (loss: 1111) classifies Mining and construction 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 1110 in the profit code field if your business is primarily engaged in mining and construction machinery. If your business made a loss, use code 1111 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 |
| 1108 | Machine tools |
| 1112 | Food processing machinery |
| 1114 | Other special-purpose machinery |
| 1116 | Office machinery |