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Australia Issues Taxation Ruling on Electronic Record Keeping

|Approved Changes|Australia
Australia

The Australia Taxation Office (ATO) has issued Taxation Ruling (TR) 2018/2, which explains the ATO's view on record keeping in electronic form, including how taxpayers must retain and, when required, provide access to electronic records, including encrypted records, records created from e-commerce, and records stored in the cloud. The ruling generally applies to years of income commencing both…

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