Understanding the Electronic Bookkeeping Preservation Law in 3 Minutes | Presentation of explanatory materials available
Have you completed your compliance with the Electronic Bookkeeping Preservation Act? The grace period is until this year! I have summarized the compliance methods concisely.
The Electronic Bookkeeping Preservation Law applies to all corporations and sole proprietors, except for those without electronic data, depending on how paper media is preserved. This legal revision has been made to ensure the authenticity and visibility of electronic data related to national taxes, payments, and transactions. It came into effect on January 1, 2022, with a two-year grace period for companies to prepare, but that deadline is approaching within 2023. This document provides a concise summary of how to comply with the Electronic Bookkeeping Preservation Law for those who are "still unable to respond" or "actually do not know what to do yet." *Please refer to the "PDF download" for the point explanation materials.
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■What kind of law is the Electronic Bookkeeping Preservation Law? ■Target audience ■Target documents ■Established requirements ■Four requirements for electronic transactions
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