Law and data protection
GoBD
Abbreviation for Grundsätze zur ordnungsmäßigen Führung und Aufbewahrung von Büchern, Aufzeichnungen und Unterlagen in elektronischer Form sowie zum Datenzugriff
Definition
The GoBD are principles of the German tax authorities for electronic bookkeeping and the retention of tax-relevant records. They describe requirements such as traceability, immutability and process documentation. For businesses they matter when setting up accounting, document filing and archiving.