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9.  Bookkeeping and Reporting

a.  Bookkeeping

A taxpayer conducting a business shall maintain books and records adequate to

support the computation of the amount of taxable income. Such books and records shall

be of sufficient detail to allow an inspector to understand the relevant facts of all

transactions conducted by the business.

b.  Reporting

(1)  Payment reports

Persons who pay the following must submit to the government a report by the end of

February of the following year in which the payments were made.

(a)

Interest

(b)

Dividends

(c)

Amount withheld from a business

(d)

Wages, salaries, and severance pay

(e)

pension income

(f) Other amounts representing income to the recipient

(2)  Submitting payment reports

Under the system of global taxation of financial income, persons required to withhold

tax must supply information regarding the income subject to withholding by the end of

February of the year following the year in which the payments were made.