Record-Keeping and Retention
Businesses must retain eInvoices, credit notes, and associated data in a way that preserves integrity and supports audit readiness.
Practical requirements
- Records must be accessible, reproducible, and retrievable for FTA requests.
- You should be able to reproduce the full invoice data and link it to your accounting ledgers.
- Retention periods generally follow UAE tax record-keeping requirements, and may extend in certain cases (e.g., audits, disputes).
Penalty Exposure
Once eInvoicing becomes mandatory for your business, non-compliance can create exposure in two ways:
- Administrative compliance exposure under VAT / tax procedures (e.g., incorrect invoices, weak records)
- eInvoicing-specific compliance exposure for failing to follow eInvoicing obligations
How Kounted helps
We help implement practical controls: invoice field readiness, credit note governance, exception handling, reconciliation, and record retention workflows.