Manufacture of irradiation, electromedical and electrotherapeutic equipment

ISIC 266 qualifies under 'Manufacturing of goods or materials'. Forensic audit focuses on the 'Substantial Transformation' test. If the entity merely imports finished components for assembly without significant value-add or technical transformation in the DZ, the FTA may recharacterize the income as 'Trading', which has different nexus rules.

Audit Red Flag

Misclassification of 'after-sales maintenance' or 'software-as-a-service' (SaaS) components as manufacturing income; these are often Excluded Activities unless ancillary.

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