What are the principal procedural obligations of a taxpayer, that is, the maintenance of records over what period and how regularly must it file a return or accounts?

Tax (4th edition)

Angola Small Flag Angola

Tax and accounting records must be kept for a 5-year period by resident taxpayers. Resident taxpayers are required to submit periodical returns on an annual basis for Industrial Tax (local Corporate Income Tax) purposes. For purposes of assessment and delivery of tax withheld by resident taxpayers the returns must be filed on a monthly basis.

Brazil Small Flag Brazil

Generally, taxpayers are required to keep tax records for a period of 5 years. As to the information to be furnished to the tax authorities, Brazil is the leading country in terms of the number of ancillary obligations to be submitted (currently, almost 100) and tax red tape, and for many years it has been the nation that spends most hours organizing such information, as per the study conducted by the World Bank. On the other hand, today there are several tax reform projects intended to simplify this system, which may increase GDP at significant percentages according to past studies on this matter.

Canada Small Flag Canada

Canada has a self-reporting system. A tax return in prescribed form must be filed with the Canada Revenue Agency for each taxation year. The filing deadline will vary: April 30 for individuals, June 15 for individuals carrying on a business, six months after the end of the financial year for corporations and 90 days from the end of the year for trusts and estates. Any information disclosed to the Canada Revenue Agency is confidential and no government official can knowingly provide, or knowingly allow to be provided to any person, any taxpayer information.

Taxpayers are required to keep adequate books and records for a period of up to 6 years, and longer if the a taxation year is being disputed.

Colombia Small Flag Colombia

Maintenance of records: For tax purposes, the accounting records and supporting documents must be kept for a period equal to the statute of limitations of the Income Tax return of the tax year to which they correspond. Please note that the statute of limitations of Income Tax returns varies depending on whether the given return reflects a tax loss or a tax loss off-set, or a favor balance, or if the taxpayer is subject to the compliance of Colombian transfer pricing rules.

National tax compliance (most relevant returns):

(a) Income Tax: every year.

(b) Value Added Tax (VAT): either every bimester, o every quarter, depending of the level of income of the taxpayer as of December 31st of the preceding year.

(c) Tax withholdings: every month.

Sub-national tax compliance (most relevant returns):

(a) Industry and commerce tax: every bimester, or every year, depending on the municipal jurisdiction in which the tax accrues.

(b) Real Estate Tax: every year.

(c) Vehicles Tax: every year.

Cyprus Small Flag Cyprus

For income tax purposes, books and records and supporting documentation must be retained for six years after the end of the tax year to which they relate. Taxpayers are required to submit returns of income for income tax purposes once a year. If the taxpayer is a company or an individual with gross income above a certain threshold (currently EUR70,000) then it should keep books and records in accordance with generally accepted accounting principles that will be audited in accordance auditing standards. With regards the payment of the income tax there is a self-assessment system, under which taxpayers must declare an estimated income and profit with the estimated tax charge for the year part-way through the tax year accompanied by payment of half the estimated liability, and the balance of the estimated liability by the end of the tax year which can be revised if necessary. The final tax return is submitted after the end of the tax year, together with payment of any final balance.

See the answer to question 5 for details of due dates.

Employers are also required to submit returns of employees’ pay and tax deducted under PAYE one month after the salary payment.

Special Defence Contribution, commonly known as SDC tax, should be paid only for companies that are Cyprus tax resident and individuals who are domicile in the Republic and is payable on rents, passive interest income and dividends. Subject to certain exemptions, companies making such payments must deduct SDC tax at source and account for it to the Tax Department. Taxpayers receiving rents, interest or dividends from which SDC tax has not been deducted must submit semi-annual returns together with payment of the amount due. All returns and payments in respect of income tax, SDC tax and PAYE must be made online.

See the answer to question 13 for details of SDC.

Taxpayers must submit and pay any capital gains as they arise. However, as capital gains tax only applies to gains from disposals in properties that have their situs in the Republic after the available deductions this is not an issue that affects most taxpayers.

There is a separate tax system for qualifying businesses engaged in international shipping, which is outlined in the answer to question 15.

Germany Small Flag Germany

In general, German resident taxpayers have to file an annual income tax return, whereas entrepreneurial entities have to submit their tax return electronically. For employees there are certain exemptions from the obligation to file an income tax return since wage taxes are in principle already withheld by the domestic employer.

As of the tax year 2019, the income tax return is due until 31 July of the following year, and if the taxpayer is represented by a certified tax advisor or any other tax professional with the permission to render tax advice, until the end of February of the year thereafter. In addition, entrepreneurial entities have to submit a tax balance sheet together with their annual tax return.

Certain events (e.g. real estate transactions or charitable gifts) may require the taxpayer to file additional one-time tax returns.

In principle, the books and records for tax purposes have to be maintained for 10 years. However, there are several exceptions depending on the type of records. Private taxpayers have only a limited obligation to maintain records for tax purposes.

Gibraltar Small Flag Gibraltar

The Gibraltar tax year runs from 1 July – 30 June.

Persons other than companies (i.e. individuals and trusts)

Non-companies with income assessable to taxation in Gibraltar must prepare and file their tax returns for each tax year by the 30 November following the end of that tax year.


Companies must prepare their tax returns according to their financial year end. Companies’ tax returns must be filed within nine months after the date of its financial year end. For example, a company with a 31 December year end must prepare its tax return from 1 January to 31 December and file it by 30 September and a company with a 30 June year end must prepare its tax return from 1 July to 30 June and file it by 30 March etc.

Maintenance of records

Individuals, Companies and Trusts are all required to keep records of all business transactions including books containing daily entries of all cash received and cash paid, statements of annual stocktaking, all goods sold and purchased showing sufficient detail to enable those goods, buyers and sellers to be identified and any contracts, invoices or other underlying documentation significant to the trade, business profession or vocation undertaken, for at least six years from the end of the period for which they are required to deliver a return.

Greece Small Flag Greece

In principle, all taxpayers must electronically file annual income tax returns whereas business taxpayers also file annually or in shorter periods a number of returns related to other taxes such as VAT, withholding taxes, payroll withholding tax etc. Corporations must in principle file their annual income tax returns within 6 months as of the end of their fiscal year. Specific taxable transactions may require the filing of one-time returns, such as in relation to stamp tax or capital concentration tax. Additional compliance obligations, such as in relation to automatic exchange of information between tax authorities at EU level have been introduced in more recent years.

In general books and records should be maintained for a period of 5 years, starting from the end of the fiscal year within which the tax return pertaining to the relevant year was due to be filed, which is when the right of the State to assess taxes is in principle time-barred. There are however instances where the right of the State to assess taxes is extended such as when exchange of information with foreign tax authorities is pending or where there is pending litigation or where the taxpayer has committed tax evasion. In the latter case the right of the State is extended to twenty years. In this respect, it is generally recommended to maintain books and records until the time that the State’s right to assess taxes is time barred.

India Small Flag India

Generally, a taxpayer is required to maintain the books of accounts for a period of 7 financial years (“FY”) (1st April to 31st March) following the relevant FY or until completion of the tax dispute, whichever is later. While non-residents having no taxable presence in India are generally not required to maintain books of account, but they are required to maintain tax records such as tax returns, transfer pricing reports, etc.

In terms of filing requirements, return reporting the details of income earned during the FY is to be filed annually (including transfer pricing compliances as applicable) whereas return for taxes withheld as applicable is to be filed quarterly.

In case of cross border transactions, certain transaction specific compliances (such as filings with respect to transactions triggering direct or indirect transfer of Indian assets) are also required to be undertaken.

Separately, an Indian company is required to file its accounts annually/quarterly with the registrar of companies under company law. The branch office / project office / liaison office of a foreign company is required to file accounts with registrar of companies annually.

Ireland Small Flag Ireland

Companies are obliged to file a corporation tax return annually, typically 8 months and 21 days after the company’s financial year end. This can be 8 months and 23 days if the return is filed electronically. Individuals, with employment income only, typically have no personal income tax filing obligations as their tax obligations are fulfilled by their employer under a system of payroll withholding taxes. Individuals with other sources of income file a tax return annually on 31 October (extension available for online filing).

There are bimonthly and annual VAT filings and employers have monthly and annual payroll withholding tax filings.

Taxpayers are obliged to maintain adequate books and records to support a tax filing for a period of six years. This time period is extended where there is an ongoing inquiry or audit.

Israel Small Flag Israel

Following its incorporation and upon commencement of operations in Israel, a corporate entity must register with the Israel Tax Authority (the “ITA”) and open income tax; value added tax (“VAT”) and withholding tax files as well as a file with the National Insurance Institute (the “NII”).

Taxpayers are required to file income tax returns annually and include a self-assessment of the tax liability. Absent extensions that may be applicable or granted, the tax return filing deadline is five months following the end of the tax year for which the tax return is filed. Audited financial statements and a tax–accounting reconciliation report are generally required to be submitted with the annual tax return. In addition, certain monthly reports are required to be filed with respect to income tax advances, VAT, withholding taxes, and National Insurance.

Taxpayers are required to retain documentation until the later of seven years from the end of the tax year for which such documents relate or six years from the submission date of the tax return.

Italy Small Flag Italy

Companies shall submit their annual tax return relevant to corporate income tax, Regional Tax on Productive Activities (IRAP) and VAT by the end of the ninth month after the end of their tax year. The tax year of companies coincides with their financial year.

For tax purposes, companies shall keep and maintain daily accounts, inventory accounts, VAT register as well as any other necessary account until the statute of limitation for the assessment of the relevant taxes is expired.

Individuals shall file their tax return every year. The tax year of individuals is the calendar year. The deadline is usually the end of September of the year following the relevant calendar year.

Austria Small Flag Austria

Tax returns for VAT and income tax / corporate income tax are generally due by 30 April (or 30 June in case of electronic filing) after the calendar year to be assessed. If the taxpayer is represented by a tax adviser, tax returns are due by the end of March of the second year following the assessed calendar year at the latest, unless the tax office requests earlier filing. Additionally there are monthly or quarterly pre-payments for VAT and income tax or corporate income tax.

Taxpayers falling under the scope of the Austrian Transfer Pricing Documentation Act must file the master and local file within one month upon request of the tax authority. The CbC-report (if required) has to be filed with the tax office within one year after the end of the pertaining accounting year.

All taxpayers must keep basic records relevant for taxation for at least 7 years. With respect to the statute of limitations it is advisable to keep records as long as the relevant assessments can be amended (10 years after the assessed periods). For VAT this period may extend to up to 20 years (e.g., real estate investments).

Japan Small Flag Japan

In this response we will focus on corporate taxpayers. Such entities are required to file a corporation tax return within two months (which may be extended to three months) from the end of their fiscal year. Further, corporate taxpayers should keep books and records and attach them to their corporate tax return. Corporate taxpayers should also file a consumption tax return within two months (no extension available) from the end of their fiscal year. Particular corporate taxpayers are also required to file interim tax returns regarding corporate tax and consumption tax.

Corporate taxpayers are obligated to maintain such books and records for seven years and must provide the same to the tax authorities when so requested upon a tax audit.

Luxembourg Small Flag Luxembourg

Please see below the different procedural obligations and their deadlines summarized in a table:

Maintenance of records

Kind of document


Maintenance of records

Annual accounts:




To be approved and filed with the Trade and Companies Register (Registre de Commerce et des Sociétés)






Approval by the shareholders’ meeting or the partner’s meeting (if applicable)

-       within 6 months after the end of the calendar year for companies,

-       At the end of the financial year for natural persons;


Filing with the RCS within 1 month after the approval

10 years after the end of the financial year


Indirect taxes:


-       invoices and documents relating to deliveries or acquisitions of goods or services


-       VAT summary statement:



-       To be filed before the 1st of May of the year following the taxable period



-       May be filed on a quarterly basis if the quarterly amount is below EUR 50,000

10 years after the end of the financial year

Direct taxes:


-       Annexes to the tax retuns



To be filed with the tax return (see below)



10 years after the end of the financial year




Relevant tax authority



Personal income tax


-Natural persons




-Sole proprietorships

Administration des Contributions Directes (ACD)

Before the 31st of March of the following calendar year


Corporate income tax

Capital companies


Before the 31st of March of the following financial year


Municipal business tax


-    Capital companies


-    Partnerships and sole proprietorships


Before the 31st of March, together with the corporate income tax return


Net wealth tax



-       Capital companies



Before the 31st of March of the current year.





VAT taxpayers (incl. companies, individuals carrying on a business activity, landlords if they have opted for VAT). If the turnover is:


-    < EUR 112,000


-    > EUR 112,000 < EUR 620,000





-    > EUR 620,000



Administration de l’enregistrement et des Domaines et de la TVA (AED)











-     Before the 1st of May;


-     Before the 15th of January, April, July and October with an annual return to be filed before the 1st of May;


-     Before the 15th of each month.











-     yearly


-     quarterly and yearly





-     monthly and yearly

Subscription tax

Special Investment Funds



Before the last day of March, June, September and December



An extension to the above mentioned deadlines may be granted upon request.

Forms and filing method

All tax returns can be found on https://impotsdirects.public.lu/fr/formulaires/collectivites.html and have to be filed electronically.


Failure to submit the tax return or late submission will lead to a penalty of 10% of the tax due and fines up to EUR 25,000.

Malaysia Small Flag Malaysia

Under the self-assessment system (“SAS”), taxpayers who have income accruing in or derived from Malaysia are required to disclose their taxable income, furnish their returns for each year of assessment, pay taxes and maintain the relevant documents and records.

Salaried individuals must submit their income tax return forms and pay the balance of tax liability by 30 April every year whilst individuals with business income are to submit their returns by 30 June every year. A company has to file its tax return within seven months after the end of its financial year.

Taxpayers are also required to keep and retain in safe custody sufficient records to which any income from that business relates, give receipts in respect of goods sold or services performed in the course of or in connection with the business and retain a duplicate of every receipt issued if the gross takings from the business for the basis year for any year of assessment exceeded a certain threshold, and keep sufficient documents for ascertaining the chargeable income and tax payable for a period of seven years from the end of the year of assessment in question.

Mexico Small Flag Mexico

Individuals and legal entities deemed as Mexican tax residents are required to register under the Federal Registry of Taxpayers, specifying a tax domicile within national territory.

Additionally, Mexican tax residents are bound to maintain accounting records that in general terms consist of books, ledger entries, account statements, inventories, notices to the Federal Registry of Taxpayers, tax returns, financial statements, information concerning shares or securities held, customs documentation, invoices and documentation supporting the materiality thereof.

Accounting records ought to be duly kept for a period of five years (some exceptions could apply) and digitally filed before the tax authorities on a monthly basis.

Generally speaking, taxpayers are also required to file provisional income tax returns on a monthly basis and a definitive annual tax return. Concerning value added tax, taxpayers ought to file monthly returns, which are considered as definitive.

Depending on the taxpayers’ activities or corporate structure, the filing of informative tax returns regarding their participation in offshore legal entities or income perceived in jurisdictions considered to be subject to preferential tax regimes in terms of Mexican law could be mandatory.

It is of paramount importance to point out that failing to comply with the abovementioned formal obligations, whether it be the registry under the Federal Registry of Taxpayers, properly maintaining accounting records or filing the corresponding returns, could result in infractions or even in the commission of tax crimes sanctioned with prison.

The Netherlands Small Flag The Netherlands

Dutch companies are required to file corporate income tax returns within five months after the end of the book year (a filing extension for a period of 11 months can be obtained if the return is filed by a professional tax advisor)

From a Dutch legal perspective, Dutch companies must prepare financial statements for each financial year. The financial statements may be prepared in a functional currency (if justified by the activities of the company). Upon request and under certain conditions, the taxable amount may also be calculated in the functional currency of the company.

The deadline for preparing and signing the annual accounts is 5 months after the end of the financial year. The shareholders may grant an extension of a maximum of 5 months. After the time for the preparing and signing of the annual accounts, the shareholders have 2 months to approve the annual accounts of the company. The annual accounts have to be deposited with the Dutch Chamber of Commerce within 12 months after the end of the financial year.

The administration (and records) must be kept for a period of 7 years.

Peru Small Flag Peru

Taxpayers are required to keep records and supporting evidence of their transactions for a period equal to the higher of 5 years and that resulting from the application of the limitation rules set forth for each specific tax, which may range between four to ten years.

With few exceptions (namely, those of taxpayers which are party to concession contracts or that are making investments in certain productive activities), the accounting must be prepared in Peruvian currency pursuant to the International Financial Reporting Standards. The Tax Authority approves the rules for the preparation and submission of electronic accounting books and set the type of books that need be kept, as well as the deadlines for their submission.

The due dates set for the filing of returns are the following:

Tax Return

Due Date

Income Tax

Between the last week of March and the first week of April.

Advance payments of Income Tax

Between the second and the third week of the following month.

VAT, VAT withholdings and VAT advance payments

Between the second and the third week of the following month.

Temporal Tax on Net Assets or “ITAN”

Between the second and the third week of April.

Bank Debit Tax or “ITF”

During the week following the fortnight of its accrual or by the due date for the payment of the annual income tax.

Social Security Contribution

Between the second and the third week of the following month.

Salary tax (fifth-category income tax withholding)

Between the second and the third week of the following month.

Transfer pricing local report

Between the second and the third week of June of the following year.

Transfer pricing master file

Between the second and the third week of September of the following year.

Transfer pricing Country-by-country report

Between the second and the third week of September of the following year.

Accounting books

Between the second and the third week of each month.

Philippines Small Flag Philippines

As a rule, all corporations, partnerships or persons required by law to pay internal revenue taxes are also required to keep duly authorized, relevant, and appropriate bookkeeping records in accordance with standard accounting rules and regulations. These books of accounts should contain all information necessary for the accurate determination of internal revenue taxes. These records should be registered with the Bureau of Internal Revenue and can be either be traditional manual books of accounts or computer-based books of accounts.

The law requires that records be preserved for a period of three (3) years from the date of the last entry thereon. However, tax regulations require that the taxpayer preserve the records for ten (10) years for purposes of tax assessments.

Tax returns are filed on monthly, quarterly or annual basis depending on the type of taxes involved.

Poland Small Flag Poland

Each CIT taxpayer has to file an annual corporate income tax return in an electronic form within three months after the financial year end. Individuals are required to file a tax return disclosing the aggregate annual income at the end of the tax year. The deadline for filing the tax return and paying the tax liability is 30 April of the year following the tax year for which the return is filed.

Registered VAT taxpayers are required to keep registers of purchases and sales subject to VAT and to submit monthly VAT returns by the 25th of the following month or quarterly VAT returns by the 25th of the following month. Nevertheless, quarterly VAT returns may be filed only by “small taxpayers” (annual sales of less than EUR 1,200,000).

Additionally, registered VAT EU taxpayers performing Intra-Community acquisitions of goods into Poland and Intra-Community supplies of goods and services from Poland are also required to submit EC Listings returns on a monthly basis.

Some taxpayers are also required to file statistical information (INTRASTAT) on intra-Community commodity transactions.

VAT returns and recapitulative statements are filed electronically.

Additionally, all VAT taxpayers (other than exempted) are obliged to file monthly SAF_T by the 25th of the following month, even if they file quarterly returns.

A taxable person is obliged to retain all tax documents (bills, invoices, tax ledgers, documents related to levying or collection of taxes, etc.) until the relevant tax liabilities become time-barred. The limitation period is 5 years from the end of the calendar year in which the tax was due and payable. This general statute of limitations period can be interrupted or suspended under certain circumstances.

Portugal Small Flag Portugal

According to the tax law, the records shall be maintained for the taxpayers for a period of ten years. The income tax return should be filed by individuals until the end of June whereas corporate entities are required to file the yearly tax return, as a rule, by the end of May, in both cases respecting to the tax period of the previous year.

South Africa Small Flag South Africa

The document retention requirements are found in the Tax Administration Act, 2011 under the section dealing with "Returns and Records".

Generally, a taxpayer (whether natural or juristic) must retain their records, books of account or documents for five years. The records, books of account or documents must be kept in their original form, in an orderly fashion and in a safe place.

Where a taxpayer is subject to an audit, objection or appeal process all information relevant to the audit, objection or appeal must be retained until the audit or investigation is concluded or the assessment or the decision becomes final.

Generally, as income tax is an annual event, returns of account must be filed annually, except for value-added tax ("VAT") and pay-as-you-earn, for which shorter periods are prescribed (see Question 5 below).

Spain Small Flag Spain

  • Financial Statements

According to the Spanish Code of Commerce, Spanish entrepreneur should keep accounting books and documentation for a period of six years. However, the Tax Law obliges taxpayers to keep accounting and tax ledgers and documentation for a longer period.

Firstly it should be mentioned that the statute of limitation period is generally four years but it is ten years when there are tax losses. Regardless the statute of limitation period, any event (eg. Merger, acquisition, sale, etc…) from the past that has an impact in a period not protected by the statute of limitation should be fully justify and hence taxpayer should keep documentation for a period even longer than ten years.

Annual accounts should be approved within six months after the year closing. Once approved they have to be deposit at the Mercantile Registry within the following month.

  • Main tax returns
  1. Corporate income tax returns

    Companies should file an annual return within the 25th following days to the sixth month after the closing, this is if the closing date is the 31st of December the annual Corporate Income Tax Return should be filed between the 1st and the 25th of July.

    There are payments in advance in April, October and December, these payments in advance are getting more and more significant since there are some tax benefits that cannot be applied in the payments in advance and also because large companies (turnover of Euro 10 million) are obliged to a minimum tax calculated on the basis of the positive accounting profit.

  2. VAT and withholdings tax returns

    Withholdings and VAT returns are due monthly or quarterly depending on the Company size and there is a summary annual return to be filed yearly.

  3. Payments

    Due payments are payable immediately after filing the return.

Switzerland Small Flag Switzerland

Taxpayers are required to file an annual tax return. Customarily, individuals must file it by 31 March of the following calendar year. Companies file following the approval of their statutory financial statements, but no later than six months after the closing date of the financial statements. Extensions can be requested. Taxpayers are usually required to pay their taxes in monthly instalments.

Ordinarily, taxpayers are required to maintain adequate records for at least ten years.

United States Small Flag United States

Taxpayers are required to file Federal income tax returns on an annual basis. Taxpayers are required to file payroll tax returns (relating to social security and withholding taxes) on a monthly or quarterly basis. In addition, indirect taxes (e.g., sales and use taxes) are administered at the state and local levels and require monthly, quarterly or annual tax return filings in each jurisdiction in which the taxpayer is required to collect tax.

Under Code Section 6001, the taxpayer must maintain records necessary to substantiate the treatment of items on its Federal income tax returns for as long as those items may become material. The normal statute of limitations is three (3) years from the filing date of a tax return, although this period may be extended by agreement of the taxpayer or through various exceptions.

Zambia Small Flag Zambia

Tax payers are expected to comply with provisional and final income tax requirements with respect to the Income Tax Act. Tax returns with respect to provisional tax are expected to be filed quarterly and tax returns with respect to final income tax are expected to be filed on or before the 30th day June.

With respect to VAT, a tax payer is requested to make a monthly return. The return should be made by the 16th or 18th day of the month following the transaction period. The former date being with respect to manual returns and the latter being for electronic returns.

With regard to Customs Duty, a tax payer is requested to make a return upon importation.

The Excise Duty return should be made by the 14th day of the month following the transaction period.

United Kingdom Small Flag United Kingdom

The principal tax procedural obligation in the UK is to file a tax return. Companies are required to provide self-assessments of their corporate tax liability on delivering the return. Returns must normally be filed within 12 months of the end of the accounting period for which the return is made.

Most employees pay their income tax through the employer company’s payroll system and are therefore not required to submit an individual tax return. However, where an employee’s tax affairs are complicated in some way (for example, by having a source of untaxed income) or where an individual is self-employed, that person is required to complete a tax return.

Belgium Small Flag Belgium

Belgian corporate entities must file their annual corporate income tax return electronically. Strict deadlines apply to these filings.

Upon request from the tax authorities, Belgian corporate entities also have the obligation to provide all documents that are necessary for establishing the amount of taxable income. They must conserve these documents for a period of 7 years commencing on 1 January of the year following the audited financial year.

Panama Small Flag Panama

Tax payer are oblige to comply with the presentation of tax forms applicable depending the business and operations perform within Panama. Some of the tax obligations are occasional, meaning that are applicable to certain transactions that are not part of the regular business of the taxpayer.

The most common obligations are:

  • Filing an annual tax return only if the company performs operations within Panama subject to tax. The annual return is filed ninety (90) days after the ending of the fiscal period (general tax period goes from 1st January to December 31st). Payment of annual income tax must be complete on March 31st at the latest.
  • VAT tax form must be file within the next fifteen (15) days after the month that is declare.
  • Franchise tax must be paid on an annual base, before January 15 or July 15 depending the date of the company incorporation.

Accountings records are not file with the annual return neither the Financial Statements, nonetheless such information must be kept at hand in case it’s required by the Tax Authority. Accounting records must be maintain for a five (5) years period.

Regulated companies such as Insurance companies, banks, financial institutions, free trade zone companies, are oblige to present to the regulatory agent its audited Financial Statements.

Updated: October 9, 2019