TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Taxable Persons Must Maintain Accurate Accounts; Audits Required for High Turnover; Non-Compliance Risks Assessments.</h1> Every registered taxable person must maintain accurate accounts of production, supply, stock, input tax credit, and output tax at their principal business location. If multiple business locations exist, records must be kept at each respective site. Electronic records are permissible. Certain taxable persons may be required to maintain additional records as specified by the Commissioner. Taxable persons with turnover exceeding a set limit must have their accounts audited and submit the audited accounts and reconciliation statements. Non-compliance with accounting requirements may lead to tax assessments on unaccounted goods or services. Warehouse operators must maintain records of goods stored, regardless of registration status.
TaxTMI 
