(1) A taxable person or any other person liable to tax under this Act shall maintain in Saint Lucia the following records —
(a) original tax invoices, sales receipts, tax credit notes and tax debit notes received by the person;
(b) a copy of all tax invoices, sales receipts, tax credit notes and tax debit notes issued by the person;
(c) customs documentation relating to imports and exports by the person;
(d) accounting records relating to taxable activities carried on in Saint Lucia; and
(e) any other records as may be prescribed by Regulations.
(2) Records required to be maintained under subsection (1) must be retained —
(a) in the English language;
(b) for 6 years after the end of the tax period to which they relate.
(3) A taxpayer may apply in writing to the Comptroller for permission to dispose of records required to be maintained under this Act prior to the expiration of the period up to which records are required to be kept and the Comptroller may grant permission in writing if satisfied that the records may not be required for any tax purposes.
(4) A person who contravenes this section commits an offence and is liable on summary conviction to a fine not exceeding $5,000 or to imprisonment for a term not exceeding one year.