Updates
Fourth Bureaucracy Relief Act (BEG IV)
7 November 2024
Shortening of Retention Periods for Accounting Documents - Consequences for Annual Financial Statements
The Fourth Act to Relief Bureaucracy for Citizens, Businesses and the Administration (Fourth Bureaucracy Relief Act; BEG IV) passed by the German Federal Parliament (Bundestag) on September 26, 2024, provides, among others, for a reduction in the retention periods for accounting documents from ten to eight years.
