Short-term insurance

Description

SARS profit code 2314 (loss: 2315) classifies Short-term insurance within main category 23 (Finance and Insurance). 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 2314 in the profit code field if your business is primarily engaged in short-term insurance. If your business made a loss, use code 2315 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.