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How long must I keep tax documents?

Posted 23 February 2013 under Tax Q&A


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Must I keep monthly current account and credit card statements? Electricity and rates accounts? Investment statements and medical aid statements? How long?

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TaxTim TaxTim says:
23 February 2013 at 16:32

You need to keep documents for at least 5 years from the tax year they are applicable to. Credit Cards Statements are not necessary.


Get SARS Tax Dates and Deadlines in your Inbox
 

We'll tell you when you need to file, along with tax tips and updates.

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Let TaxTim
help you
submit your
Tax returns!


TaxTim will help you:

 Do Your Tax Return Easily
 Avoid penalties
 Maximise your refund

Tim uses your answers to complete your income tax return instantly and professionally, with everything filled in in the right place.

Let Tim submit your tax return direct to SARS in just a few clicks!

Get started