1222
Optical instruments
Profit Code
1222
Loss Code
1223
Category
12 - Electrical and Electronic Equipment
Description
SARS profit code 1222 (loss: 1223) classifies Optical instruments 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 1222 in the profit code field if your business is primarily engaged in optical instruments. If your business made a loss, use code 1223 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 12
| Code | Description |
|---|---|
| 1202 | Electric motors and generators |
| 1204 | Batteries |
| 1206 | Wires and cables |
| 1208 | Lighting equipment |
| 1210 | Domestic appliances |
| 1212 | Electronic components |
| 1214 | Computers |
| 1216 | Communication equipment |
| 1218 | Consumer electronics |
| 1220 | Measuring instruments |