Electronic components

Description

SARS profit code 1212 (loss: 1213) classifies Electronic components within main category 12 (Electrical and Electronic 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 1212 in the profit code field if your business is primarily engaged in electronic components. If your business made a loss, use code 1213 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.