Normativa Legal De La Contabilidad En Venezuela
The journal and the inventory book may not be used without first submitting them to the commercial register. (Art. 33, Com.C.) In other words, these are the books you need to take with you to “stamp” in the commercial register where the company or personal signature is registered if you are a retailer. This means that to use the registry, you don`t need to take it to “seal” the record. You can also keep all the auxiliary books you need in your accounting. Nor are auxiliary books taken to “seal” the register. Is it legal in Venezuela? Now that everything is calculated in dollars or other currencies, how do you keep this accounting? The main legal instruments are: These books are essential in the company, but there is no legal obligation to submit them to the register beforehand in order to be able to use them. Venezuela`s Financial Reporting Standards (VEN-NIF), also known as accounting principles, are divided into two (2) groups: Hello, dear, this information is super valuable, thank you for sharing your knowledge and experience with us; With regard to the accounting books, particularly the continuous sheet journal, which is foiled and sealed on one side of the sheet, I have the following concerns: can we print on both sides of the sides, even if only one is returned? If I do, would there be legal consequences or else the company would be committing an illegal act? 1. VEN-NIF GE that comply with the accounting standards or principles applicable to large enterprises and the International Financial Reporting Standards (IFRS Complete) 2019, which must be applied in conjunction with the VEN-NIF (BA VEN-NIF) application bulletins. The full IFRS includes International Accounting Standards (IAS) and their interpretations (SIC) issued by the International Accounting Standards Committee (IASC) between 1973 and 2001; and International Financial Reporting Standards (IFRS) and their interpretations (IFRIC), issued by the International Accounting Standards Board (IASB) since 2001. The application of VEN-NIF GE is mandatory in large companies for financial years beginning on or after 1 January 2008. Since commercial accounting is the basic basis of tax accounting, since it allows to know production costs, expenses, profits, profits, equity, dividends and losses, which in turn has an impact on the determination of rates, taxes and other contributions, it is logical that the statement of accounting books is of interest to the tax administration. So much so that article 102 of the Organic Tax Code lists the formal tax offences related to the obligation to keep books and records and all other special books and registers.
Remember that you must apply for the legalization of the books in the commercial register. Many Offices already process the application via the online SAREN system. The correct recording of financial data in the accounting books is the entry for accounting professionals to organize and analyze this information and also to make recommendations for business management. The importance of properly filling out ledgers goes beyond mere organization. A careful record of all business income and expenses allows you to strategize for the future. As Warren Buffet said, “Accounting is the language of business” As you can see, business accounting books have many advantages for business management and also help you respond to possible audits or inspections by the tax authority. In the accounting books, the data of the trader`s economic transactions are recorded chronologically and nominatively, either individually (personal signature) or collectively. The most common form of union in Venezuela is the Sociedad Mercantil, which can be called Sociedad Anónima (S.A.) or Compañía Anónima (C.A.). Please note that in order to preserve the integrity of accounting and the legal effects attributed to it, the Commercial Code (art. Art. 36) prohibits professionals: In addition to accounting books, directors of commercial companies (company or joint-stock company) must keep other legal books required by the Commercial Code (see art.
260). It is not absolutely necessary that they be submitted to the commercial register of the place, so that they can be used and are: 2. VEN-NIF PYME, in accordance with accounting standards or principles applicable to small and medium-sized entities, compliant with the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs), originally issued by the IASB in 2009 and amended in 2015 and applicable in conjunction with the VEN-NIF (ba ven-nif) application forms. The application of PYME VEN-NIF is mandatory for small and medium-sized enterprises for financial years beginning on or after 1 January 2011. In Venezuela, legal books can be kept, as is indeed the case, with various administrative and accounting software, even in the cloud. However, this information must be compressed. The printing must be made on sheets duly foliated and legalized by the commercial register where the commercial company is registered. Books make it possible to create the accounting information of the company, and in these appear all the data necessary to understand the economic and financial functioning of a commercial company or an individual trader. Accounting is an essential function in the company, both for legal and financial reasons. For the legal treatment of branches, we recommend that you consult the Commercial Code of Venezuela and for accounting treatment, checking a classic FINNEY & MILLER book from Superior Accounting.
Best wishes. Hello: I understand that in Mr. Sequera`s comment, with reference to the book of entries and expenses of the inventory, which establishes the regulation of the islr, which is not the same as the Commercial Code, could you clarify for me? Thank you very much for appreciating our work. Remember that in the Commercial Code, if the book is to be brought to Blattwerk, it is clearly stated that the office seal will be stamped on all other sheets of the book. In our opinion, one side of a sheet that is not leafy and sealed should not be used. Action. Professional fees on security paper. Public administrative document. Employment relationship All applicable provisions are listed below: Bulletins, Rules and Interpretations.
These documents can be downloaded directly from the FCCPV and IASB websites. State aid – no specific link with operational activity Now a request. I have seen that in some countries it is already allowed to take these books online without the need for physical books. IAS 19 Limitation of an Asset by Defined Benefits. Commitment to maintain a minimum level of funding and their interaction Some organizations are accustomed to stamping shareholder records, minutes of meetings and directors` meetings, although this is not mandatory. Hello Kevin, We think that the designation provided for in the Commercial Code should be used, but in case of doubt, consult the commercial register, because in practice, each registrar usually manages its own criteria. Statement of Changes in Equity and Statement of Comprehensive Income and Year-to-Date Article 32 of the Commercial Code stipulates that the following books must be kept: You start a new book when you take the sheets for foiling. Instead of buying a hardcover book to pick up by hand, carry the sheets to print your system information.
SAREN is responsible, not SENIAT. See SAREN Resolution 019. Income tax – changes in the tax status of a company or its shareholders Ordinary business income from customer contracts The application bulletins (BA VEN-NIF) issued by the Federation of Colleges of Accountants of Venezuela (FCCPV) specify the international standards applicable in Venezuela and determine their practical implementation. To date, the FCCPV has officially issued thirteen bulletins (0 to 12), but eleven of them are currently in effect as ¶s 1 and 3 have been repealed. The former Statements of Accounting Principles (CPD) and Technical Publications (PTs) have been completely repealed.