1306
Motor vehicle parts
Profit Code
1306
Loss Code
1307
Category
13 - Transport Equipment
Description
SARS profit code 1306 (loss: 1307) classifies Motor vehicle parts within main category 13 (Transport 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 1306 in the profit code field if your business is primarily engaged in motor vehicle parts. If your business made a loss, use code 1307 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 13
| Code | Description |
|---|---|
| 1302 | Motor vehicles |
| 1304 | Motor vehicle bodies |
| 1308 | Ships and boats |
| 1310 | Railway rolling stock |
| 1312 | Aircraft |
| 1314 | Other transport equipment |