As of 2026/08/14, the National Tax Agency (NTA) published Notice No. 23, amending the portion of the Tax Ordinance Enforcement Regulations that determines which documents the Commissioner may prescribe under Article 15(1) of the Tax Ordinance (Law No. 28 of 1965). The amendment is part of the Agency’s Digital Transformation Strategy for the fiscal years 2025‑2030, aiming to reduce compliance burdens for multinational corporations, harmonize domestic procedural rules with OECD BEPS recommendations, and facilitate the adoption of electronic reporting standards. The revised provisions become effective on 1 October 2026, providing a thirty‑day transition period for affected taxpayers to adjust their filing processes. The change specifically expands the statutory definition of “document” to include electronic certificates, digitally stored certificates of origin, and other data formats maintained in electronic repositories, and it authorizes the use of the NTA’s certified online portal for submission of such materials. In addition, the amendment clarifies the required retention period for all relevant financial records, mandating a minimum preservation period of five years in a manner that ensures ready accessibility for tax audits. These measures are intended to improve transparency, reduce opportunities for errors, and support the Agency’s goal of enhancing audit efficiency while maintaining robust taxpayer rights.
Key Takeaways
- Electronic submission: Taxpayers may now submit the required documents through the Agency’s certified digital platform, eliminating the need for physical delivery and accelerating processing.
- Extended retention: All transaction records and tax ledgers must be retained for at least five years, with digital storage solutions meeting the same accessibility standards as paper archives.
- Broadened document scope: The definition of “document” now explicitly includes electronic certificates, cloud‑based records, and other digital formats, subjecting them to the same inspection and verification procedures as traditional paper documents.
Disclaimer:This article is compiled and summarized based on publicly available information and is for general information and academic exchange purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. For tax planning, please consult a qualified professional tax advisor or legal counsel.
Source: Read Original Announcement