1408
Sports goods
Profit Code
1408
Loss Code
1409
Category
14 - Furniture and Other Manufacturing
Description
SARS profit code 1408 (loss: 1409) classifies Sports goods 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 1408 in the profit code field if your business is primarily engaged in sports goods. If your business made a loss, use code 1409 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 |
| 1406 | Musical instruments |
| 1410 | Games and toys |
| 1412 | Medical instruments |
| 1414 | Other manufacturing |