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13.1. Books and Records

Businesses in Egypt are required to keep sufficient records of their income and expenditure, including profit and loss account, balance sheet, and other supporting documentation required by the nature of the taxpayer's activity, industry, craft, or profession.

The books and records must be kept in Egypt for a period of at least 5 years (reduced from 6 years effective 20 October 2020) following the submission of the annual tax return, be kept in Arabic, denominated in Egyptian Pounds, and based on International Accounting Standards.