Retention of Tax Accounting Records Rules

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BIR REVENUE REGULATIONS NO. 5-2014: Retention of Tax Accounting Records Rules

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Title Source: Supreme Court: Retention of Tax Accounting Records Rules

Law: Bir Revenue Regulations No. 5-2014

Decision Date: Jul 30, 2014

Taxpayers must retain their books of accounts and other accounting records for ten years, with the first five years requiring hardcopies, while allowing electronic storage under strict compliance and security measures to ensure integrity and accessibility.

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