What is opbevaringspligt (the duty to keep records)?

In short

Opbevaringspligt is the duty to keep accounting records for 5 years from the end of the financial year they relate to. It covers receipts, bookkeeping and annual reports.

In practice

Under the Bookkeeping Act, most businesses must now store receipts and bookkeeping digitally in a registered system that also keeps backups. Discard receipts too early, and the Tax Agency can set your tax by estimate instead.

Go deeper: The new Bookkeeping Act: who must keep digital books — and when?

Related terms

• Bilag (receipt/voucher)
• Bogføringsloven (the Bookkeeping Act)
• Bogføring
• See every term in the dictionary

Tired of looking things up? At Numina your own bookkeeper handles bookkeeping, VAT and deadlines — at a fixed price. Read about your bookkeeper at Numina