1902
Sale of motor vehicles
Profit Code
1902
Loss Code
1903
Category
19 - Motor Trade
Description
SARS profit code 1902 (loss: 1903) classifies Sale of motor vehicles within main category 19 (Motor 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 1902 in the profit code field if your business is primarily engaged in sale of motor vehicles. If your business made a loss, use code 1903 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 19
| Code | Description |
|---|---|
| 1904 | Motor vehicle parts |
| 1906 | Motor vehicle maintenance and repair |
| 1908 | Motorcycles |
| 1910 | Automotive fuel retail |