How long do you need to keep your bookkeeping? Which documents fall under the retention obligation? And is digital storage allowed? Everything about the fiscal retention obligation for entrepreneurs.
The fiscal retention obligation is the legal obligation for entrepreneurs to retain their records for a fixed period. In the Netherlands, a retention period of seven years applies for most business documents, including invoices, bank statements, cash records and VAT returns. For documents relating t
7 years: the standard Most administrative documents must be retained for 7 years, counted from the end of the financial year:
Required to retain Invoices (purchases and sales) Bank statements of all business accounts Cash book and till receipts Contracts and agreements Quotes (to the extent they result in orders) Personnel records (if applicable) Inventory records Software and files needed to read the records
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