New FTA rules on accounting records and commercial books retention effective 30 July

FTA Decision No. 4 of 2026 sets mandatory rules for maintaining accounting records and commercial books. Records must be complete, identical to originals, and clearly legible in either electronic copy or photocopy form. Persons must ensure all data and details from original documents are preserved, including all pages in the same order. Electronic copies or systems protected by encryption or passwords require encryption keys or passwords to be provided to the FTA upon request. Photocopies must be of sufficient quality and resolution to remain clearly legible, with non-faded ink and paper. Access to stored records must be available to the FTA upon request. Persons may engage third parties to maintain records but remain legally responsible for their maintenance and safety. The decision is effective 30 July 2026.