Unofficial translaction
TITLE II: STATUS OF ENTREPRENEUR
CHAPTER I: DEFINITION OF ENTERPRENEUR
ARTICLE30–The entrepreneuris an individual , a natural person who, upon making a simple
declaration as provided for in this uniform Act,engages in a professional, civil, commercial,
artisanal or agricultural activity.
An entrepreneur shall retain his status if the annual turnover generated by hisactivity for two
consecutive years does not exceed the thresholds set out by the uniform Act with respect to the
organization and harmonization of corporateaccounting in terms of minimumcash flow.
With regards to merchants and craftsmen, such annual turnover shall be generated, on the one
hand, by their sales of goods, objects, foods and supplies and, on the other hand, by provision of
services, and, for farmers, their production activities.
When,fortwo consecutive years,theturnoverofentrepreneursexceeds limits set for their activities
by the State party in the territory in which they carry out their activities, they are required to
comply with all charges and obligations applicable to individual enterprisesfromthefirstdayofthe
following yearandbefore the end of the firstquarterof that year. As from that date,they shall lose
their status of entrepreneur, they shall not benefit from the special legislation governing the
entrepreneur.
They shall, therefore, comply with the rules applicable to their activities.
Entrepreneurs, who are exempted from registering in the Register of Commerce and Securities,
are required to declaretheir activities as provided for in this uniform Act.
Each State party shall establish incentives for entrepreneurs’ activities particularly with regard
to taxation and payment of social charges.
CHAPTER II: ACCOUNTING REQUIREMENTS FOR ENTREPRENEURS
ARTICLE 31– Entrepreneurs are required to maintain on a daily basis a journalin which they
record in chronological orderthe source and amount of theirincome, separating payments in
cash and other methods of payment,on the onehand, and the destination and amount of
payments on the other hand. Such book shall be kept for not less than five years.
ARTICLE 32-In addition, the entrepreneur who sells goods, objects, supplies and foods or
housing furniture must maintain a register, summarized by year, presenting the particulars of
purchases and specifying their payment methodsandreferencesofsupporting
documents,whichmustbekept.
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