how long do you have to keep your tax records in australia?
90918
Generally, you must keep your written evidence for five years from the date you lodge your tax return.
829038
You need to keep your records and documents for different amounts of times depending on the government department or organisation that needs the information. Australian Securities and Investment Commission (ASIC) requires companies to keep records for seven years.
640413
How long do I need to keep tax-related records? While the requirements for certain types of specific documents vary, the general position taken by the ATO is that documents should be kept for five years after you've received a notice of assessment relating to that year's return.
349142
Keep records for 3 years from the date you filed your original return or 2 years from the date you paid the tax, whichever is later, if you file a claim for credit or refund after you file your return.
161573
Tax disputes aside, the law generally requires you to keep tax records for 5 years after tax returns are lodged. This means you should keep all receipts, proof of income, calculations, nominations and other records which support the contents of you tax return for five years.
220995
Generally, you need to keep your records for five years from the date you lodge your tax return.
932655
When it comes to tax-related paperwork like pay slips, P45s and so on, HMRC suggests keeping them for at least 22 months from the end of the tax year they relate to. So, as the tax year finishes on April 5, you'll want to keep your relevant paperwork until at least January 31 two years later.
1390039
When it comes to tax-related paperwork like payslips, P45s and so on, HM Revenue and Customs (HMRC) suggests keeping them for at least 22 months from the end of the tax year they relate to. ... HMRC may check your records to make sure you're paying the right amount of tax.
10871
You should keep your records for at least 22 months after the end of the tax year the tax return is for.
1163036
Tax return transcripts: How to get old returns from the IRS. The IRS recommends that you keep tax records for at least three years from the date you filed your original return, and longer for special situations.
1008726
You should keep your VAT records for at least six years, because you will need to show them to HM Revenue & Customs if or when asked. Ordinary business records can be the basis for your VAT records. It does not necessarily mean you need an accounting software package.
1076142
Regardless of how you submit your tax return, you must keep all your tax documents for at least six years. If you claimed expenses, deductions or tax credits, make sure you keep all your receipts and any related documents in case the CRA asks to see them.
1050960
How long to keep your records. Generally, you must keep all required records and supporting documents for a period of six years from the end of the last tax year they relate to.
791544
How long should you keep your income tax records? Even if you do not have to attach certain supporting documents to your return, or if you are filing your return electronically, keep your supporting documents for six years in case the CRA selects your return for review.
761300
Requires you to keep records for five years after the records are created. For example - a document used in the 2016 financial year must be kept until the end of the 2021 financial year. If your business owns assets, Capital gains tax may apply.
372291
Keep records for three years from the date you filed your original return or two years from the date you paid the tax—whichever is later—if you file a claim for credit or refund after you file your return. Keep records for seven years if you file a claim for a loss from worthless securities or bad debt deduction.
795536
Depending on the item for which the record pertains, the IRS recommends keeping the records for 2 - 7 years. You can find a more complete table here. The IRS also requires corporations to keep tax documents for anything claimed as depreciation.