1704
Agricultural raw materials
Profit Code
1704
Loss Code
1705
Category
17 - Wholesale Trade
Description
SARS profit code 1704 (loss: 1705) classifies Agricultural raw materials 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 1704 in the profit code field if your business is primarily engaged in agricultural raw materials. If your business made a loss, use code 1705 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 |
|---|---|
| 1702 | Wholesale on fee basis |
| 1706 | Food, beverages and tobacco |
| 1708 | Household goods |
| 1710 | Machinery and equipment |
| 1712 | Fuels and minerals |
| 1714 | Construction materials |
| 1716 | Other wholesale |