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14.1. Books and Records

Companies are required to keep adequate records of business transactions for a period of 10 years following the year of recording in books. The required records include sales journal, purchase journal, accounting ledger, log book and all supporting documents like original receipts of expenditure and inventory. Bookkeeping must follow the Djibouti accounting standards, but simplified accounting rules apply to small companies eligible for the simplified tax system.

The accounts must in principle be kept in Djibouti. If the accounts are kept in a foreign language, a translation certified by a translator must be presented at the request of the tax department.