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Practical Income Manual 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: Records books of:

  • Income.
  • Bills.
  • Investment goods.
  • Provisions of funds 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: Records books of:

  • Income.
  • Bills.
  • Investment goods.
  • Provisions of funds and supplies.
Objective estimate (EO) Activities other than agricultural, livestock and forestry activities
  • Keep invoices issued, invoices received and documentary evidence.
  • Record book of investment assets (if amortizations are carried out).
Agricultural, livestock, forestry and transformation of natural products activities
  • Sales and income record book.
  • Keep invoices issued, invoices received and documentary evidence.
  • Record book of investment assets (if amortizations are carried out).