What is the minimum period for maintaining records under ITAR following the date of the report?

The International Traffic in Arms Regulations (ITAR) requires that records related to the export of defense articles and services be maintained for a minimum of five years following the end of the calendar year in which the record was created or the transaction occurred. This retention period is essential to ensure compliance with federal arms export regulations, allowing the Department of State to review and audit transactions as necessary. The five-year requirement aligns with the need for comprehensive documentation while balancing the burden of record-keeping for businesses engaged in defense-related activities.