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Soon you won't have to save paper receipts

The Accounting Act is getting updated, and you no longer have to keep paper receipts. This change was approved by the parliament on May 22.

The update to the Accounting Act is to fit better with digital advancements. This means once you digitize receipts and invoices, you don't need to keep them in paper form. So, after scanning a paper receipt into your accounting software, you can dispose of it. 

This streamlining benefits business owners by cutting down on paperwork and expenses.

"This proposal means a significant simplification and a competitive improvement," said Minister of Justice Gunnar Strömmer earlier this year.

The new rules will come into effect on July 1, 2024.