+- Tax Waze by Bustamante Lozada and Associates (http://www.taxwaze.com)
+-- Forum: Subjects - Highlights and Favorites (http://www.taxwaze.com/forumdisplay.php?fid=4)
+--- Forum: Remedial (http://www.taxwaze.com/forumdisplay.php?fid=6)
+--- Thread: Accounting Records - Retention Period (/showthread.php?tid=87)
Accounting Records - Retention Period - admin - 06-02-2019
All taxpayers are required to preserve their books of accounts, including subsidiary books and other accounting records, for a period of 10 years.
-Within the first 5 years, the taxpayer shall retain hardcopies of the books
-Thereafter, the taxpayer may retain only an electronic copy of the hardcopy of the books in an electronic storage system compliance with BIR Rules.