Records

(1) The competent authority may, by notice in writing, require a reporting entity to give the officer within such time, not being less than fourteen days, as may be provided by the notice, such information (including copies of any relevant books, records or other documents) as the competent authority may reasonably require for any purpose relating to the administration or enforcement of these Regulations. (2) The competent authority may require a reporting entity to– (a) produce books, or other documentation; (b) provide explanations and particulars; and Mutual Administrative Assistance in Tax Matters [CAP. 103:03 31 (c) give all assistance which the competent authority may reasonably require relating to the administration or enforcement of these Regulations. (3) The Competent Authority may make extracts from or copies of all or any part of the books, records or other documents or other material made available to the competent authority or require that copies of books, records or other documents be made available to the competent authority for any purpose relating to the administration or enforcement of these Regulations. (4) The audit and powers pursuant to sections 27 and 29 of the Tax Administration and Procedure Act shall, where applicable, be administered in addition to the powers set out in the Act and these Regulations in respect of the inspection of books. CAP 51.