The YMM profession is governed by Law No. 3568 on Certified Public Accountants and Sworn Financial Advisers. YMMs issue full certification, VAT refund certification and various certification reports, but may not keep books.
Source: Law No. 3568
Related terms
Full tax certification (YMM)A sworn financial adviser examining the taxpayer's books, records and documents and certifying that the annual tax return complies with legislation.Certified public accountant (SMMM)A professional authorised to keep taxpayers' books, prepare their financial statements and advise on accounting and tax matters.Advance taxTax paid in advance during the year by income and corporate taxpayers, in quarterly periods, on current-period earnings.Arm's length principleThe principle that transactions between related persons should be carried out at the prices and on the terms that would apply between independent parties with no such relationship.Capital gainGains of individuals from disposing of certain assets and rights that are subject to income tax.Corporate income taxThe tax levied on the earnings of capital companies, cooperatives and other corporate entities.
Last updated: October 22, 2026 · This definition is for general information only.