1908
Motorcycles
Profit Code
1908
Loss Code
1909
Category
19 - Motor Trade
Description
SARS profit code 1908 (loss: 1909) classifies Motorcycles 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 1908 in the profit code field if your business is primarily engaged in motorcycles. If your business made a loss, use code 1909 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 |
|---|---|
| 1902 | Sale of motor vehicles |
| 1904 | Motor vehicle parts |
| 1906 | Motor vehicle maintenance and repair |
| 1910 | Automotive fuel retail |