Sep 21, 2009, 9:51 AM
Post #9 of 9
Well, Tio Copas, I've been in a small business grossing less than $2,000,000 per year for 12 years now, and I've given a factura to anyone wanting it for any purchase over $40. AND I have NEVER been refused a factura by ANY small neighborhood business when I asked them for one, although it was always 15% more than the price without a factura, but I knew that from the get-go.
An invoice (factura) and a sales receipt (nota de venta) are 2 distinct pieces of paper. The first will show the IVA desgosado and the other CANNOT by law.
You might ask your accountant what tax regimen you are filing under. Maybe he feels it is necessary that you file in a different category that allows you to issue facturas. As I stated, if you or anyone else files their taxes under the REPECO (régimen de pequeños contribuyentes) category as a persona fisica or sole proprietor, then you CANNOT issue a factura. Period.
This regimen is the most simple and requires minimal bookkeeping. Since you are not allowed to deduct expenses of any type all you must do is keep track of your sales. You are supposed to issue notas de venta for all sales (ignored for the most part). This is an optional way to file but most small businesses favor it because of its simplicity. The main reason for a qualifying small business to not file this way is to capture sales from larger businesses that will only buy from another business that issues an invoice. A small print shop as an example.
There are other regimens under which to file as a persona fisica which require more exact bookkeeping and which allow you to deduct expenses, issue facturas etc.
If you have sales over 2,000,000 but under 4,000,000 you can file as a Personas Fisicas Actividad Empresarial Régimen Intermedio.
And if you do more than 4,000,000 then you can file as Personas Fisicas Actividad Empresarial Régimen General.
The above are for businesses. Professionals such as doctors, lawyers, accountants have their own regimens.
My wife and I have 3 different businesses. One in each of our names and another registered in one of our children's names. Two file under REPECO. One files under Régimen General.