Do original receipts still need to be kept, and for how many years?

Updated by Lih Shyan Chin

Records need to be retained but not necessarily as originals

(https://www.iras.gov.sg/taxes/corporate-income-tax/basics-of-corporate-income-tax/record-keeping-requirements)

Under IRAS and ACRA/Companies Act requirements, businesses must keep accounting records and supporting documents (invoices, receipts, bank statements, etc.) for at least 5 years, counted from the end of the financial year in which the transaction falls, not from the transaction date itself.


How did we do?