Manufacture of refined petroleum products

While ISIC 192 covers manufacturing, forensic auditors must distinguish between the transformation of raw materials (Qualifying) and the initial extraction of petroleum (Excluded). Under MD 229 of 2025, the 0% rate applies only to the value-add of the refining process, requiring strict segmental reporting and Transfer Pricing documentation for feedstock procurement from upstream affiliates.

Audit Red Flag

Reclassification of 'Extractive' activities (Excluded) as 'Manufacturing' (Qualifying) to shield upstream profits from Emirate-level taxation.

Not sure which activity applies to you?

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