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Budget 2025 | The Government has introduced changes to Working for Families and KiwiSaver as well as introducing Investment Boost: an immediate tax deduction when acquiring new business assets. Find out more: www.budget.govt.nz

It's important you keep accurate and complete records of your income and expenses for 7 years.

You must keep records of all cash and electronic sales and purchases. Examples of records include:

  • taxable supply information
  • supply correction information
  • bank statements
  • invoices and receipts
  • credit card records – including statements and vouchers
  • cash register or point of sale records
  • cashbooks.
Last updated: 01 Apr 2023
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