A registrant must keep orderly accounting records and books in which transactions involving excise goods are recorded as they occur. Those records and books must be kept by secure and reliable means for five years following the end of the tax year in which the return was submitted. The Regulation shall prescribe the records and books that the registrant must keep, the related rules and procedures, the particulars to be entered and the supporting documents to be retained. A registrant may not keep accounting records or books in a foreign currency without the Authority's prior written approval.
Interpretation and application must be checked against the official Arabic text and the current version.