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
