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Practical Income Manual 2020.

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).