Simplified system

The taxable profit of farmers placed under the simplified tax regime based on actual profit is determined in accordance with the provisions of articles 72 to 73 E subject to the following simplifications: a. Farm accounts only record receipts and payments on a daily basis; receivables and payables are recorded at the end of the financial year, except, at the operator’s option, for expenses relating to overheads, which are paid…

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…