Before Year of Assessment (YA) 2008
You need to keep proper records of your IR8A, expenses receipts and etc. for 7 years.
For YA 2008 onwards
You need to keep your records for 5 years.
Example
| YA |
Basis period |
Keep records up to |
Compulsory duration for
keeping proper records
|
| 2007 |
1 Jan 2006 to 31 Dec 2006 |
31 Dec 2013 |
7 years |
| 2010 |
1 Jan 2009 to 31 Dec 2009 |
31 Dec 2014 |
5 years |