1406
Musical instruments
Profit Code
1406
Loss Code
1407
Category
14 - Furniture and Other Manufacturing
Description
SARS profit code 1406 (loss: 1407) classifies Musical instruments within main category 14 (Furniture and Other Manufacturing). 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 1406 in the profit code field if your business is primarily engaged in musical instruments. If your business made a loss, use code 1407 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 14
| Code | Description |
|---|---|
| 1402 | Furniture |
| 1404 | Jewellery |
| 1408 | Sports goods |
| 1410 | Games and toys |
| 1412 | Medical instruments |
| 1414 | Other manufacturing |