06-02-2019, 02:32 PM
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.
-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.