Please be aware that this resource is informational only, and many external factors, unique to your company might apply.
Each company must make their own decisions about how they meet their tax obligations.

Table of contents
Table of contents


GoBD is a set of principles issued by the German tax authorities to initiate a paperless approach to bookkeeping (storage of books records and documents in electronic form as well as their access). It was initially introduced by the Ministry of Finance on the 14th of November, 2014. It has been recently updated, which is applicable as of January 1st, 2020.

The requirements for the storage process are as follows:

  • Data must be kept for 10 years regardless of any system changes in hardware or software;
  • Data must always be available for use when requested;
  • Data must be in a readable format;
  • Data must be evaluable by machine.

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