2406
Legal activities
Profit Code
2406
Loss Code
2407
Category
24 - Real Estate and Business Services
Description
SARS profit code 2406 (loss: 2407) classifies Legal activities within main category 24 (Real Estate and Business Services). 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 2406 in the profit code field if your business is primarily engaged in legal activities. If your business made a loss, use code 2407 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 24
| Code | Description |
|---|---|
| 2402 | Real estate with own property |
| 2404 | Real estate on fee basis |
| 2408 | Accounting and auditing |
| 2410 | Management consultancy |
| 2412 | Architectural and engineering |
| 2414 | Advertising |
| 2416 | Labour recruitment |
| 2418 | Security services |
| 2420 | Cleaning services |
| 2422 | Photographic activities |
| 2424 | Other business services |