Article 56 – Record Keeping
- Notwithstanding the provisions of the Tax Procedures Law, a Taxable Person shall maintain all records and documents for a period of (7) seven years following the end of the Tax Period to which they relate that:
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- Support the information to be provided in a Tax Return or in any other document to be filed with the Authority
- Enable the Taxable Person’s Taxable Income to be readily ascertained by the Authority.
- Notwithstanding the provisions of the Tax Procedures Law, an Exempt Person shall maintain all records that enable the Exempt Person’s status to be readily ascertained by the Authority for a period of (7) seven years following the end of the Tax Period to which they relate.