Standard Practice Statement (SPS) 13/01 provides guidelines on the retention of business records in electronic format. The SPS applies to taxpayers who are required to keep business and other records under the Inland Revenue Acts and third parties that hold business records for taxpayers offshore.
The Commissioner’s approval to taxpayers or third parties to store business records offshore applies for obligations under the Inland Revenue Acts. The approval does not apply to any other record retention obligations or controls that may apply between taxpayers and other regulatory bodies or Crown agencies.
The following organisations have been approved under section 22(8)(a) of the Tax Administration Act 1994 (TAA) to store taxpayers’ electronic records outside of New Zealand:
Read More: http://www.ird.govt.nz/technical-tax/general-articles/third-party-providers-e-records.html