2706
Performing arts
Profit Code
2706
Loss Code
2707
Category
27 - Entertainment, Sport and Recreation
Description
SARS profit code 2706 (loss: 2707) classifies Performing arts within main category 27 (Entertainment, Sport and Recreation). 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 2706 in the profit code field if your business is primarily engaged in performing arts. If your business made a loss, use code 2707 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 27
| Code | Description |
|---|---|
| 2702 | Film and video production |
| 2704 | Radio and TV broadcasting |
| 2708 | Libraries and museums |
| 2710 | Gambling |
| 2712 | Sports activities |
| 2714 | Amusement and recreation |