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Practical manual for Income Tax 2019.

Summary table: Accounting and registration obligations of taxpayers who carry out economic activities

Summary table

Accounting and registration obligations of taxpayers who carry out economic activities
Direct estimation (normal mode) (EDN) Commercial activities Accounting adjusted to the Commercial Code and the General Accounting Plan.
Non-commercial activities

In general , record books of:

  • Sales and income.
  • Purchases and expenses.
  • Investment goods.

Professional activities: Record books of:

  • Income.
  • Bills.
  • Investment goods.
  • Funding provisions and supplies.
Direct estimation (simplified mode) (EDS) Commercial and non-commercial activities

In general, books records of:

  • Sales and income.
  • Purchases and expenses.
  • Investment goods.

Professional activities: Record books of:

  • Income.
  • Bills.
  • Investment goods.
  • Funding provisions and supplies.
Objective Estimate (OE) Activities other than agricultural, livestock and forestry
  • Keep invoices issued, invoices received and documentary evidence.
  • Investment asset registration book (if amortizations are made).
Agricultural, livestock, forestry and natural product processing activities
  • Sales and income record book.
  • Keep invoices issued, invoices received and documentary evidence.
  • Investment asset registration book (if amortizations are made).