TR 2018/2 – Record-keeping requirements: electronic records of transactions, elections and the like (revising 2005 ruling)
On 14 Feb 2018, the ATO issued Taxation Ruling TR 2018/2 on the record-keeping obligations of business taxpayers (individuals and companies) where records are kept in electronic form. The ruling contains a series of principles about electronic record-keeping. These principles are that: electronic records are recognised as documents for tax law purposes (Section 2B of…