The main advantage of a VAT book software is that it combines functions or parameters that, if it were Excel, we would have to configure each month that we will use to prepare our VAT returns. Then he returns to the office where the procedure began and receives manually or mechanically a sticker with the authorization data of the book, the name, address, NIT and number of the taxpayer. This sticker must be pasted into the small taxpayer`s buy and sell book to show that the book is activated. In the purchase book referred to in Article 86 of the implementing provisions of the Tax Code, commercial transactions between taxpayers are recorded by issuing CCF (Tax Credit Vouchers) documents. This article contains the structure that the purchase book should have. An end-user sales book is the book that records the sales of the taxable person who delivered: end-user invoices, export invoices, registration engine tikets and / or sales with simplified invoicing software to create VAT books, generates the corresponding legal reports, purchase book, sales book to taxpayers and sales book to consumers, Stop using your VAT books in Microsoft Excel spreadsheets and use full software. The purchase book is a book for the registration and control of the tax on the transfer of movable property and the provision of services (VAT control), it can also be called a book or records of purchases made, the purpose of this book is to record the transactions carried out by the taxable person when purchasing goods or services with tax credit documents (CCF). In El Salvador, it is allowed to transport VAT books in glued books or in properly laminated sheets, which must be legalized by an auditor. The use of booklets has become obsolete due to the technology that allows a quick and convenient preparation of VAT books, thus eliminating the margin of error of an arithmetic and formal nature the recording of transactions Before disclosing the steps to be followed, it is necessary to clarify who are the small taxable persons, since Articles 45 and 46 of the VAT Law stipulate: that they may register as a small taxable person of all natural and legal persons whose amount of the sale of goods or the provision of services does not exceed Q 150 000 during the calendar year, it is pointed out that the small taxpayer may be a freelancer, a supplier of technical services or the owner of commercial enterprises.
Avoid surprises and if you still don`t have the buy and sell book or register as a small taxpayer, don`t let more time pass. Article 49 of the VAT Act, Decree 27-92 of the Congress of the Republic, stipulates that small taxable persons are required to keep a book approved by the SAT in which they record their purchases and sales. The characteristics that this book must have are set out in Article 55 of the same Law and are presented below: all books or documents in which the small taxpayer keeps records must be confirmed by the control of the tax administration, taking into account the requirements established by this body. For the completion or creation of VAT books, we may use software that allows us to create the periods (months) to be able to enter the information required by Article 82 of the implementing provisions of the Tax Code of El Salvador. If the sale is less than Q50, you can bundle them into a single small taxpayer bill that you need to issue at the end of the day, or issue individual invoices under Q50. In this case, the same SAT agent is responsible for activating the buy and sell book for small taxpayers so that you have to fill out the SAT-No form. 0811 “Receipt of revenue collection” and the interested party must pay Q0.50 for each sheet as tax stamp tax and special sealed paper for protocols, all this in a system bank. At the end of each tax period (month still to be reported), the transactions are summarised in accordance with the requirements set out in the Tax Code, in addition, a summary is recorded listing the exempt and taxed sales to taxable persons and final consumers, separate from those that can be carried out on behalf of third parties, and the calculation of the respective tax burden for its own documented transactions and for those made on behalf of third. Article 85 of the Implementing Regulation of the Tax Code. The small taxable person must also apply 5% to the total gross income from sales or services during each calendar month, in accordance with Articles 45 to 50 of the VAT Law, Decree No. 4-2012.
From 1. In August 2017, the Register of Purchases and Sales (RCV) replaced the obligation to keep the buy and sell book and send electronic purchase and sale information to taxpayers authorized as electronic issuers. Similarly, taxpayers who are not subject to the electronic invoicing system or who issue other types of electronic tax documents that do not need to be sent to the Internal Revenue Service, such as ballot papers, vouchers or the like, are exempt from carrying the buying and selling book, provided that information relating to their sales and the provision of services completes it in the sales register, reporting relevant summaries. Currently, VAT books are carried or elaborated in the accounting software, with the advent of technology that they no longer carry or record in pasted books provided by the Iberian bookstore at the end of each tax period, the annotations of the month must be added. Also record a summary of the tax burden calculation for transactions documented during the month with invoices or equivalent documents that are transferred to the book or record of transactions with taxpayers to determine the total turnover and the corresponding tax burden. VAT books include: (1) Purchase book2) (taxable person`s sales book3) Sales book for final consumers It should be clear that the small taxable person must use in the sales and distribution book invoices for the services he supplies or for sales made by him and invoices issued on his behalf for the purchase of goods or services. You are looking for software that creates reports in accordance with Salvadoran tax legislation that you may want to download for free: do not let the demotivation of work affect the performance of your business, Contact us! We are experts in accounting services You can also read: Omissions and reductions of tax penalties The link to consult the specific requirements for registration and updating is indicated below: On the right side, the SALES must be noted, also in chronological order and must include the following: To register as a small taxpayer, you must go to the unified tax registrar in a SAT branch. Application for enrolment in the Small Taxpayer Plan. If you already have NIT affiliated to the general VAT regime, you can make the change or registration in the small taxpayer regime, for which the prospect must present himself and update the data. Is it mandatory to keep a buying and selling book if only tax-exempt services are provided? On the left, note the PURCHASES in chronological order.
Part 2: Content of columns with specifications in the order shown below. And the sum of the transactions of the month must be applied by the tax rate, the result obtained is deducted from the amount of withholding according to the records received, and the result is the tax payable in the return. portal.sat.gob.gt/sitio/index.php/impuestos/tramites-y-requisitos.html More information on this subject is available on the EIS website, Regulations and Legislation on Menus, Circulars, Option Circular No. 38 of 1975. In order for the small taxpayer to submit their affidavit, the SAT has the form “VAT-Small Taxpayer, Simplified Affidavit and Monthly Payment Receipt, Small Taxpayer Regime” in physical form as SAT No. 2043 and electronically as SAT No. 2047. This return must be filed monthly, whether you have influenced activities or have withheld any source deductions during the relevant period.