As of 1 January 2022, Japan’s Electronic Bookkeeping Act (ERRL) eliminated the requirement for physical copies of financial documents, including receipts and invoices. The law introduced clear guidelines to ensure compliance with electronic storage practices.
Key requirements include:
- Tamper-proof measures: digital records must be timestamped to prevent alterations;
- Structured format: documents should be systematically stored in an orderly manner;
- Searchable functionality: records must be easily retrievable for auditing purposes.