Under the Tax Administration Act, companies in New Zealand must keep all accounting records, including receipts and invoices, for at least seven years.
According to Schedule 2, Clause 4 of the Contract and Commercial Law (Electronic Transactions) Regulations (CCLETR), paper or non-electronic records can be stored digitally, as long as the electronic copy:
- is a true duplicate of the original, and
- can be readily reproduced in paper form when required.