Article 4 - How to Keep Accounting Records and Commercial Books

1. Unless otherwise required by the Tax Law, the obligation to maintain Accounting Records and Commercial Books shall be met through any of the following:

a. Creating the record and the retention of original Documents which support the entries contained in the record.
b. Creating the record and preserving the information that was contained in the original document, provided that:

1) The information matches the data contained in the original document, and shall be available during the periods referred to in Article (3) of this Decision.
2) The information retained or stored in either photocopy or electronic form, and an easily readable copy of it can be reproduced within a reasonable period, if requested by the Authority.

2. The Authority may lay down the rules of preserving information contained in Accounting Records and Commercial Books, and impose such reasonable requirements for ensuring that the information will be as readily available to it as if the original records themselves had been preserved.