2110
Sea transport
Profit Code
2110
Loss Code
2111
Category
21 - Transport and Storage
Description
SARS profit code 2110 (loss: 2111) classifies Sea transport within main category 21 (Transport and Storage). 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 2110 in the profit code field if your business is primarily engaged in sea transport. If your business made a loss, use code 2111 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 21
| Code | Description |
|---|---|
| 2102 | Rail transport |
| 2104 | Road passenger transport |
| 2106 | Road freight transport |
| 2108 | Pipeline transport |
| 2112 | Air transport |
| 2114 | Warehousing |
| 2116 | Transport support services |
| 2118 | Postal and courier services |