Item 8: Record-keeping obligations

Under the tax law, you must keep records for five years. These include records relating to:

  • sales (including the sale of your business) and purchases
  • payments to employees
  • payments to other businesses.

For more information, refer to Record keeping for small business.

If you are still unsure, talk to your tax adviser or request a free assistance visit from a tax officer.

    Last modified: 12 Jul 2016QC 20300