Article 58-3Matters to Be Stated in Books Relating to Refunds, etc. of Consideration for Specified Taxable Purchases, etc.

①A business operator seeking to be subject to the application of Article 38-2, paragraph (1) of the Act must record the following matters in its books in an orderly and clear manner:

②A business operator prescribed in the preceding paragraph must organize the books recorded under that paragraph and retain them, for seven years from the day on which two months (one month, where the residual assets of a corporation in liquidation have been finally determined; the same applies in the following paragraph) have elapsed from the day following the last day of the taxable period that includes the day of their closing, at its place for tax payment or the location of its office, place of business or other equivalent place relating to its transactions.

③Retention under the preceding paragraph for the period on or after the day on which five years have elapsed from the day on which two months have elapsed from the day following the last day of the taxable period prescribed in the preceding paragraph may be made by the method determined by the Minister of Finance.