FAQ
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If you’ve bought something as a private individual, it’s always a good idea to keep the corresponding invoice. This way, you have proof should a problem arise at a later date with the product purchased or the work delivered.

In principle, you can use invoices and other proof of payment up to the statutory limitation period. According to the general guideline issued by the FPS Economy, it is preferable to keep all your invoices for 10 years, regardless of the limitation period for the invoice in question.

Companies are legally obliged to retain invoices sent and received.

Retention periods recommended by law

  • 1 month
    • Receipts for small amounts.
  • 6 months
    • Restaurant and hotel bills (unless you include them for tax purposes as deductible expenses for your business).
  • 1 year
    • Transport invoices and bailiff’s fees.
  • 2 years
    • Purchase invoices, for example, for electronic devices, household appliances and furniture. As a consumer, you are entitled to a two-year legal warranty.
    • Bills for gas, water, electricity, internet and other services.
    • Invoices for medical expenses incurred.
  • 5 years
    • Invoices and fees for notaries and lawyers.
    • Bank documents and invoices.
  • 10 years
    • Invoices and related documents for real estate, contractors and architects.

Invoices that are relevant to your tax return – for example, for a purchase qualifying for a tax reduction – should be kept for at least 7 years. This way, you’ll always have sufficient proof in the event of a tax audit. Store important invoices in your personal Izimi safe.

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