Record-keeping requirements for the purpose of VAT in different GCC states

Here’re the mandatory record-keeping requirements for the purpose of VAT in different GCC states:

KSA
– Records are to be kept for up to 6 years
– Capital asset records are to be kept for a minimum of the adjustment period, which may be from 6 to 10 years plus 5 years

UAE
– Records are to be kept for up to 5 years
– Real estate records are to be kept for up to 15 years

Bahrain
– Records shall be kept for up to 5 years
– Capital asset records are to be kept for up to 5 years, after the end of the capital asset adjustment period
– Real estate records are to be kept for up to 15 years

Oman
– Records shall be kept for up to 10 years from the end of the tax year
– Real estate records are to be kept for up to 15 years

Source Arslan Mushtaq

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