Cap. 395 Art. 70Keeping of records.

(1) Every registered person shall keep proper and sufficient records of all transactions of his business activities to enable the date, the value and the nature of such transactions, the tax, if any, chargeable thereon and the deductions allowable in respect thereof, and any such other information as may be prescribed, to be readily ascertained.

(2) The records referred to in subarticle (1) shall be kept and stored in such manner, contain such details and be supported by such documents and accounts as may be prescribed and shall be retained for a period of at least three years from the end of the calendar year to which they relate.