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Practical manual for Income Tax 2023.

Summary table: Accounting and Registration Obligations

Direct estimation (normal mode) (EDN) Commercial activities Accounting adjusted to the Commercial Code and the PGC .

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).