Netherlands (NL)

Jurisdiction Overview

272 *Is there an obligation to keep accounting data? Yes
 Data Date: 2019


According to the 2019 Global Forum report, "Article 15i of Book 3 of the Civil Code mandates that all persons who pursue a business or a professional practice, including partners of partnerships, have a duty to keep books and accounting records." [...] "These persons must also prepare a balance sheet and income and expenditure statement and retain books and records for seven years." (GF 2019: 65).


GF 2013: 62; GF 2011: 56-60; GF 2019: 65