Frequently Asked Questions on VAT

Last updated on 16 September, 2019


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How long should I maintain VAT records?

A taxable person must maintain organised records, tax invoices and accounting books related to their supplies and imports of goods and services for at least 5 years from the end of the tax period in which they were issued. 

Records related to capital assets must be maintained for 5 years from the end of the tax period which also marks the end of the adjustment period for these assets.

As for real estate properties, the invoices, records, and accounting books must be maintained for at least 15 years from the end of the tax period in which they were issued.

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