VAT record-keeping is mandated by the Federal Tax Authority (FTA) to ensure the accuracy of returns for up to five (05) years from the date of filing. The FTA reserves the right to audit the VAT records of an entity within the following five years of the year under review. Hence, VAT registered entities are required to maintain their records for a minimum of five years. Additionally, the FTA specifies that records must be organized in a suitable manner, easily comprehensible, and in accordance with the guidelines provided for record-keeping by registered entities.
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