Does Receipt Bank comply with tax authorities?

Many governments around the world now accept the digital storage of receipts and invoices as proof of purchase or expense - so it’s finally time to say goodbye to all those little bits of paper!

As many expenses are now recorded entirely in an electronic fashion, it has become essential for tax authorities to build digital records of purchase (whether it is an electronic invoice or a digital picture of an expense) into their legal codes.

At Receipt Bank, we securely store your items in our cloud-based software for 10 years. This timeframe complies with the requirements of many tax agencies from around the world, including: HM Revenue and Customs, the Australian Taxation Office, the Canada Revenue Agency, New Zealand Inland Revenue, and the Internal Revenue Service.

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