1708
Household goods
Profit Code
1708
Loss Code
1709
Category
17 - Wholesale Trade
Description
SARS profit code 1708 (loss: 1709) classifies Household goods 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 1708 in the profit code field if your business is primarily engaged in household goods. If your business made a loss, use code 1709 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 |
| 1706 | Food, beverages and tobacco |
| 1710 | Machinery and equipment |
| 1712 | Fuels and minerals |
| 1714 | Construction materials |
| 1716 | Other wholesale |