1714
Construction materials
Profit Code
1714
Loss Code
1715
Category
17 - Wholesale Trade
Description
SARS profit code 1714 (loss: 1715) classifies Construction 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 1714 in the profit code field if your business is primarily engaged in construction materials. If your business made a loss, use code 1715 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 |
| 1712 | Fuels and minerals |
| 1716 | Other wholesale |