Chapter 10 - Procedure and Administration
Article 66 - Records
The invoices, books, records and accounting documents required to be maintained by a Taxable Person in accordance with the Law and these Regulations shall be kept for a minimum period of six (6) years from the end of the Tax Period to which they relate. Records with respect to Capital Assets must be kept for a minimum of the adjustment period for these Capital Assets prescribed in Article 52 of these Regulations, plus five (5) years, with such period starting from the date those Capital Assets are acquired by the Taxable Person.
Records shall be kept in Arabic, and all Tax Invoices shall be issued in Arabic in addition to any other language also shown on the Tax Invoices as a translation.
Without prejudice to any law, regulations or instructions applicable in the Kingdom relating to keeping and maintaining records and documents, electronic transactions, or cyber security, invoices, records and documents shall be kept in the Kingdom either physically or electronically through access to the relevant server or databases where on which they are stored via a terminal point or access point in the Kingdom. In cases where the Taxable Person opts to store the records electronically, the following conditions shall be met: [102]
Upon the Authority's request, the invoices, documents, and records must be accessible and producible from the computer system used;
without prejudice to any obligation under other regulations, to the extent practicably data is to be entered into the computer in Arabic and shall be an identical copy of such the invoices, documents, and records;
original documents corroborating all entries in accounting books shall be maintained and provided to the Authority upon its request;
final accounts and balance sheet may be generated directly by a computer. In the case of using a conventional accounting method with computer assistance for some account items, all settlement entries shall be provided in Arabic to the extent practicable;
the Taxable Person shall document computer data entries and processing system of accounting entries for reference if necessary;
the Taxable Person shall take the necessary security measures and adequate controls that can be reviewed and examined to prevent tampering with invoices, documents, and electronic records;
the Authority may conduct a review of systems and programs used by the Taxable Person to electronically prepare their records; and
as of the date specified in the electronic invoice regulations and any related decisions [orders], a Person subject to the electronic invoicing regulations shall retain electronic invoices and electronic notices related thereto in the form of and in accordance with the procedures set forth in the electronic invoicing regulations and decisions issued by the Authority or the Governor.
A Resident Taxable Person may appoint a third party established in the Kingdom to comply with the that Taxable Person's obligations for maintaining invoices, books, records and accounting documents, without prejudice to the Taxable Person's responsibility to comply with such obligations.
A Non Resident Taxable Person who does not appoint a Tax Representative in the Kingdom shall appoint a third party established in the Kingdom to comply with the requirements for maintaining invoices, books, records and accounting documents keeping requirements prescribed in the Law and these Regulations.
The Tax Representative of a Nonresident Person shall maintain the invoices, books, records and accounting documents related to the Nonresident Person's activities. [104]
When deemed necessary by the Authority, the Authority may, at any time, request additional records for the purposes of registration, examination and assessment procedures from the Taxable Person, provided that the Authority has a justifiable reason for such request. The Authority shall, where applicable, notify the Taxable Person that it requires such additional records and shall allow a reasonable time for the Taxable Person to submit the additional records.