How long should I maintain my tax records?
VAT taxpayers must maintain relevant records for a minimum of 6 years after each tax period, in case of audit.
For capital assets, businesses must maintain records for the following adjustment period:
- Tangible and intangible assets - 6 years
- Immovable assets like real estate - 10 years
In addition, you should maintain records for 5 years from the date of purchase, resulting in a total of 11-15 years.