1712
Fuels and minerals
Profit Code
1712
Loss Code
1713
Category
17 - Wholesale Trade
Description
SARS profit code 1712 (loss: 1713) classifies Fuels and minerals 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 1712 in the profit code field if your business is primarily engaged in fuels and minerals. If your business made a loss, use code 1713 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 |
| 1708 | Household goods |
| 1710 | Machinery and equipment |
| 1714 | Construction materials |
| 1716 | Other wholesale |