Your Responsibilities

By law, you are required to keep proper records to determine your tax obligations and your entitlements.

Records refer to accounting records, accounts, books, computer-stored information and any other relevant documents.

The law stipulates that these records must be retained for a period of six years after the end of the period to which they relate.

If you use a computer to maintain your accounting records, you must keep the books and records in an electronically readable format, even if they are also kept on paper.

Using the services of an accountant, auditor or a tax professional does not relieve you of these responsibilities.

For an assurance visit, we ask that you make available to the tax officer your books and records (both paper and electronic), as well as any supporting documents and provide explanations to the questions that the tax officer will have.