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Tax record keeping

In one sentenceThe books, invoices, contracts and documents the business must keep to support its returns, for the whole period set by law.

Simply put

What is required is not keeping the return only, but everything it was built on: sales and purchase invoices, credit and debit notes, customs documents, contracts and the general ledger.

They are kept inside the Kingdom in a form that can be referred to during an audit, and e-invoices are kept electronically in their format.

Example

A business changed its accounting system: it exports the old system's data and invoices and keeps them before shutting it down, so it can respond to any audit of previous years.

Don't confuse it with

Data backupBackup protects you from losing data technically, while tax records are a legal obligation about what must be kept and for how long.

in FullScreen ERP

The e-invoicing module keeps invoices for the statutory retention period. E-invoicing