1702
Wholesale on fee basis
Profit Code
1702
Loss Code
1703
Category
17 - Wholesale Trade
Description
SARS profit code 1702 (loss: 1703) classifies Wholesale on fee basis within main category 17 (Wholesale Trade). 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 1702 in the profit code field if your business is primarily engaged in wholesale on fee basis. If your business made a loss, use code 1703 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 17
| Code | Description |
|---|---|
| 1704 | Agricultural raw materials |
| 1706 | Food, beverages and tobacco |
| 1708 | Household goods |
| 1710 | Machinery and equipment |
| 1712 | Fuels and minerals |
| 1714 | Construction materials |
| 1716 | Other wholesale |