The Fourth Bureaucracy Relief Act was published in the German Official Gazette on 29 October 2024. As previously reported, the Act contains various measures meant to reduce administrative burdens. This includes a reduction in the retention period for accounting documents (records) from 10 years to 8 years. Note, however, that the retention period for certain other documents remains 10 years, including accounts and records, inventories, annual financial statements, situation reports, opening …