Sawmilling and planing of wood

ISIC 161 involves the physical transformation of raw timber into lumber or planed wood. This falls under 'Manufacturing or processing of goods or materials' as a Qualifying Activity. Forensic audit must confirm that the value-add (sawing/planing) occurs within the Free Zone and that revenue is not derived from Excluded Activities such as sales to natural persons (B2C).

Audit Red Flag

Misclassification of 'Log Trading' as 'Processing'; the FTA will verify if substantial transformation occurs or if the entity is merely a distributor of raw timber.

Not sure which activity applies to you?

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