2006
Restaurants
Profit Code
2006
Loss Code
2007
Category
20 - Accommodation and Catering
Description
SARS profit code 2006 (loss: 2007) classifies Restaurants 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 2006 in the profit code field if your business is primarily engaged in restaurants. If your business made a loss, use code 2007 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 |
| 2004 | Guest houses |
| 2008 | Takeaway and fast food |
| 2010 | Catering |
| 2012 | Taverns and licensed premises |