Logging

Logging (ISIC 022) is classified as a primary extractive/production activity. Under Ministerial Decision No. 229 of 2025, it does not fall under the exhaustive list of 'Qualifying Activities'. Income derived from the sale of raw timber is considered 'Excluded Income' and is subject to the 9% Corporate Tax rate if the de minimis threshold is exceeded.

Audit Red Flag

Misclassification of logging as 'Manufacturing' (Qualifying Activity) to claim 0% rate when no substantial transformation of the raw material occurs.

Not sure which activity applies to you?

Scout maps your business description to the correct activity code automatically.