1706
Food, beverages and tobacco
Profit Code
1706
Loss Code
1707
Category
17 - Wholesale Trade
Description
SARS profit code 1706 (loss: 1707) classifies Food, beverages and tobacco 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 1706 in the profit code field if your business is primarily engaged in food, beverages and tobacco. If your business made a loss, use code 1707 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 |
| 1704 | Agricultural raw materials |
| 1708 | Household goods |
| 1710 | Machinery and equipment |
| 1712 | Fuels and minerals |
| 1714 | Construction materials |
| 1716 | Other wholesale |