2320
Insurance brokers
Profit Code
2320
Loss Code
2321
Category
23 - Finance and Insurance
Description
SARS profit code 2320 (loss: 2321) classifies Insurance brokers 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 2320 in the profit code field if your business is primarily engaged in insurance brokers. If your business made a loss, use code 2321 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 23
| Code | Description |
|---|---|
| 2302 | Central banking |
| 2304 | Commercial banking |
| 2306 | Building societies |
| 2308 | Financial leasing |
| 2310 | Other credit granting |
| 2312 | Life insurance |
| 2314 | Short-term insurance |
| 2316 | Pension funding |
| 2318 | Financial markets administration |
| 2322 | Fund management |