contabilidad suficiente

English translation: keep accounts according to generally accepted accounting principles (GAAP)

15:30 Sep 5, 2019
Spanish to English translations [PRO]
Bus/Financial - Accounting / impuestos
Spanish term or phrase: contabilidad suficiente
En Uruguay, para algunos contribuyentes existe lo que se denomina "régimen de contabilidad suficiente"

Copio aquí el concepto:
Los contribuyentes de IRAE que están obligados a llevar contabilidad suficiente por su forma jurídica son las sociedades anónimas y en comandita por acciones, los establecimientos permanentes, entes autónomos y servicios descentralizados del dominio industrial y comercial del Estado, los Fondos de inversión cerrados de crédito y los fideicomisos excepto los de garantía. También lo están los contribuyentes cuyos ingresos en el ejercicio anterior superaron UI 4.000.000 (US$ 320.000).

El IRAE, es el Impuesto a la Renta de la Actividad Económica.

Mi duda es *contabilidad suficiente*
Entiendo que no es "simplified accounting"
Agradezco sus sugerencias.
Ana Baameiro
Uruguay
Local time: 06:39
English translation:keep accounts according to generally accepted accounting principles (GAAP)
Explanation:
The NoHoWest NC shall keep accounts according to generally accepted accounting principles (GAAP). It will also do the following:
https://webcache.googleusercontent.com/search?q=cache:jTzCVv...

-----------------------

En los EE.UU., usamos "Generally Accepted Accounting Principles" o GAAP
https://forum.wordreference.com/threads/régimen-de-contabili...
Selected response from:

Wilsonn Perez Reyes
El Salvador
Local time: 03:39
Grading comment
Agradezco a todos y cada uno de los que colaboraron con esta duda.
4 KudoZ points were awarded for this answer



Summary of answers provided
4 +2keep accounts according to generally accepted accounting principles (GAAP)
Wilsonn Perez Reyes
3cash&accrual accounting
Juan Arturo Blackmore Zerón
Summary of reference entries provided
Refs.
Taña Dalglish

Discussion entries: 2





  

Answers


18 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +2
llevar contabilidad suficiente
keep accounts according to generally accepted accounting principles (GAAP)


Explanation:
The NoHoWest NC shall keep accounts according to generally accepted accounting principles (GAAP). It will also do the following:
https://webcache.googleusercontent.com/search?q=cache:jTzCVv...

-----------------------

En los EE.UU., usamos "Generally Accepted Accounting Principles" o GAAP
https://forum.wordreference.com/threads/régimen-de-contabili...

Wilsonn Perez Reyes
El Salvador
Local time: 03:39
Specializes in field
Native speaker of: Native in SpanishSpanish
PRO pts in category: 36
Grading comment
Agradezco a todos y cada uno de los que colaboraron con esta duda.

Peer comments on this answer (and responses from the answerer)
agree  Mark Harris: I was just about to post this myself ;)
0 min
  -> Muchas gracias, Mark.

agree  Luis M. Sosa
4 hrs
  -> Muchas gracias, Luis.
Login to enter a peer comment (or grade)

4 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
cash&accrual accounting


Explanation:
https://bench.co/blog/accounting/cash-vs-accrual-accounting/

Juan Arturo Blackmore Zerón
Mexico
Local time: 04:39
Native speaker of: Spanish
PRO pts in category: 12
Login to enter a peer comment (or grade)




Reference comments


21 mins peer agreement (net): +1
Reference: Refs.

Reference information:
Some ideas: 1) adequate accounting principles (US: generally known as GAAP).

uruguay:

[PDF]
Tax System-PDF - Uruguay XXI
https://www.investinuruguay.uy › investors-guide › tax-system › download
The Corporate Income Tax (IRAE) is an annual tax at the rate of 25% on the net ...... prepared in accordance with **adequate accounting standards**, should adjust.

Tax Aspects - Uruguay XXI
https://www.uruguayxxi.gub.uy › guide › descargas
The Corporate Income Tax (IRAE) is an annual tax at the rate of 25% on the net ...... being prepared according to the appropriate accounting standards, must.

https://assets.kpmg/content/dam/kpmg/uy/pdf/Investing-2015-n...
It consists in an exemption from Corporate Income Tax (IRAE)
iN THE us, the term used is "generally accepted accounting principles (GAAP)"

Uruguay - PwC
https://www.pwc.com › international-transfer-pricing › assets › uruguay
Activities (ITEA or IRAE as per Uruguayan abbreviation in Spanish), which are in force for fiscal ... As a general principle, the regulations on transfer pricing are applicable to .... should be appropriate to the volume of business transactions made .... If the accounting records fail to accurately reflect the income generated by the.

[PDF]
Uruguay Tax Guide - PKF International
https://www.pkf.com › media › uruguay_2012
locations in around 125 countries providing accounting and business advisory services. PKFI member firms employ ... and independent, international tax, corporate finance, professional standards, audit, ..... adequate accounting records are kept. .... subject to IRAE are subject to withholding tax at the rate of 7%. Uruguay ...

--------------------------------------------------
Note added at 7 hrs (2019-09-05 23:08:55 GMT)
--------------------------------------------------

Ana: I don't understand your remark! If you are referring to the "Régimen de Contabilidad Suficiente", the links I provided as reference are self-explanatory, and Wilsonn has provided you with a more than adequate answer. If that is not what you are searching for then state what your reservations are.

More links:
New Generally Accepted Accounting Principles In Uruguay - Mondaq
www.mondaq.com › Uruguay › Accounting+Standards › New+Generally+...
Mar 9, 2016 - This includes Uruguay's generally accepted accounting principles (NCA, by its acronym in Spanish) in regards to Financial Reporting Standard ...

Uruguay | IFAC
https://www.ifac.org › ... › Member Organizations & Country Profiles
The law requires companies to report annually under generally accepted accounting principles, which are set through Presidential Decrees issued by the Permanent Commission of Adequate Accounting Standards (CPNCA).

Accounting, administration and management | Englobally Uruguay
https://englobally.com.uy › accounting
Our international experts in accounting and tax consulting will accompany you to ... to the recognized accounting principles of other countries (US GAAP or IFRS) ...

Taña Dalglish
Jamaica
Native speaker of: English
PRO pts in category: 88
Note to reference poster
Asker: Thanks. I had also checked these web sites, but in the cases marked as reference information, they do not convey the idea of this special system.


Peer comments on this reference comment (and responses from the reference poster)
agree  Adrian MM.: taxmap.irs.gov/taxmap/ts0/adequateaccounting_o_3d09f8b6.htm
15 hrs
  -> Thanks Adrian.
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.


See also:
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search