5.7.5 Formal obligations

• This regime is chosen by submitting census declaration model 036 at the beginning of the activity or in the month of December prior to the beginning of the calendar year in which it should take effect. The option will be understood to be extendable until it is renounced.

• The resignation must be exercised in the month of December prior to the year in which it must take effect and will be valid for a minimum of 3 years.

• Those covered by this regime must include both in the record book of invoices issued and in that of received the dates of the collection or payment respectively and the amount of the collection, partial or total, of the operation and the bank account or other means that accredits the total or partial payment.

• The recipients of the operations must include in the record book of invoices received the dates and amount of payment, partial or total, of the operation, and the means of payment used.

• The issuance of the invoice for the operations covered by this special regime must occur at the time they are carried out, except when the recipient is a businessman or professional, in which case, as a deadline, it must be carried out before the 16th of the month following the one in which they were carried out. Invoices must contain the mention of “special cash criterion regime”.

• The operations must be recorded in the record books within the established deadlines as if the regime had not been applicable to them and be completed at the time the collections and payments are made.