3: Taxation based on actual profits

The income tax return filed under article 53 A farmers subject to the simplified tax regime based on actual profits, includes: 1° A simplified account showing the tax result determined in accordance with the conditions set out in Article 74; 2° A table of fixed assets and depreciation. These holdings are required to produce a simplified balance sheet in support of their income tax return; they are exempt from providing…

A decree sets out the conditions for application of articles 74 and 74 A. It also specifies: – the methods for determining taxable income as defined in article 74; – the conditions for exercising and the period of validity of the options provided for in Article 69; – the rules applicable in the event of a change of tax regime; – the nature and content of the documents that farmers…