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R103 – Recordkeeping Requirements by Country

Tax authorities in different countries require you to retain your records for varying periods. Use this table as a guide to know how long you should keep your Netrunner reports and audit trail.

Updated over 2 weeks ago

Country

Minimum Retention Period

Notes

United States (IRS)

3 years (sometimes up to 7 years)

3 years normally; 6 years if underreporting >25%; 7 years if filing a claim for a loss

United Kingdom (HMRC)

5 years

Measured from the 31 January submission deadline

Canada (CRA)

6 years

Retain after the end of the last tax year the records relate to

Germany

10 years

Applies to accounting and financial records

Spain

4 years

Standard for individual taxpayers

Italy

5 years

From the date the tax return is filed

Ireland

6 years

Applies to self-assessment taxpayers

India

6 years

After the end of the relevant assessment year

Japan

7 years

Required for income tax purposes

South Africa

5 years

After filing a tax return

Australia (ATO)

5 years

From when you lodge your return

New Zealand

7 years

Applies to business and individual taxpayers


✅ Always retain both digital and physical backups of your Netrunner reports for compliance.

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