The Inland Revenue Authority of Singapore has published updated guidance on Record Keeping Requirements. --- Record Keeping Requirements Your company must maintain proper records of its financial transactions and retain the source documents, accounting records and schedules, bank statements and any other records of transactions connected with your business for at least 5 years from the relevant Year of Assessment (YA). Records That Your Company Must Keep To run a business, it is important to have good record keeping. Companies that adopt good record keeping practices are able to: Make better business decisions Be aware of the financial status of...