2506
Higher education
Profit Code
2506
Loss Code
2507
Category
25 - Community Services and Education
Description
SARS profit code 2506 (loss: 2507) classifies Higher education within main category 25 (Community Services and Education). 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 2506 in the profit code field if your business is primarily engaged in higher education. If your business made a loss, use code 2507 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 25
| Code | Description |
|---|---|
| 2502 | Pre-primary and primary education |
| 2504 | Secondary education |
| 2508 | Other education |
| 2510 | Hospital activities |
| 2512 | Medical practice |
| 2514 | Dental practice |
| 2516 | Other health activities |
| 2518 | Veterinary activities |
| 2520 | Social work |