2004
Guest houses
Profit Code
2004
Loss Code
2005
Category
20 - Accommodation and Catering
Description
SARS profit code 2004 (loss: 2005) classifies Guest houses within main category 20 (Accommodation and Catering). 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 2004 in the profit code field if your business is primarily engaged in guest houses. If your business made a loss, use code 2005 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 20
| Code | Description |
|---|---|
| 2002 | Hotels and motels |
| 2006 | Restaurants |
| 2008 | Takeaway and fast food |
| 2010 | Catering |
| 2012 | Taverns and licensed premises |