Keeping Proper Records and Accounts


For income tax purposes, you are required to keep records of all income derived by the estate/trust and distributions made to the beneficiaries for five years.

Example: Records To Be Kept for Year of Assessment (YA) 2019

Basis PeriodRecords Kept UntilCompulsory Period for Keeping Proper Records
1 Jan 2018 to 31 Dec 2018       31 Dec 2023Five Years 

Trade Income

Prepare statements of accounts according to accounting standards.

Rental Income

Prepare statements of rental income and expenses .

Foreign Sourced Dividend Income

Please make copies of dividend vouchers for submission.


  • Strongly Disagree
  • Strongly Agree

Information is easy to understand.

Information is useful.

Information is easy to find.

Please email us if you would like us to respond to your enquiries.