§235-102  Records and special returns. (a)  Records.  Every person liable to any tax imposed by this chapter or forthe collection or deduction thereof at source, shall keep full, complete,regular, and accurate books of account in which all the person's transactionsshall be entered in regular order; provided that the director of taxation may,by regulation, provide for the keeping of simpler accounts in cases where, byreason of the smallness of the income or otherwise, undue hardship or expensewill be caused by the keeping of full books of account.  All books of accountrequired to be kept by this chapter shall be preserved for a period of threeyears, except that the director may, in writing, consent to their destructionwithin such period or may require that they be kept longer.

(b)  Special returns and statements.  Wheneverit is necessary, in the judgment of the director, the director may require anytaxpayer, or person liable for the collection or deduction of tax at source, bynotice served upon the taxpayer or other person, to make such returns or rendersuch signed statements as the director deems sufficient to show whether or notthe taxpayer or other person is liable under this chapter. [L Sp 1957, c 1, ptof §2; am L Sp 1959 2d, c 1, §16; am L 1963, c 45, §4(a); Supp, §121-36; HRS§235-102; am L 1969, c 274, §1; gen ch 1985]

 

Case Notes

 

  Cited:  33 H. 766.