Books and Records

(1) Every person paying emoluments shall keep records and books of account at his place of business or residence in Belize or at such place as may be designated by the Commissioner, in such form and containing such information as will enable any deduction or withholding required under these Rules to be determined, and where any such person has failed to keep adequate records and books of account as he may specify, and the person shall hereafter keep records and books of account as so required. (2) Every person required by this rule to keep records and books of account shall retain every such record or book of account or voucher necessary to verify the information contained therein for a period of six years unless written approval has been granted by the Commissioner for a shorter period. (3) The Commissioner may require any person paying emoluments to give each payee, at time the payment is made a Income and Business Tax 101 statement of the emoluments paid for the pay period and of the tax withheld therefrom.