A. The Taxable Person shall retain records and accounting books for a period of five years from the end of the Tax Period to which it relates.
B. Records related to Capital Assets shall be retained for a period of five years from the end of the Tax Period in which the adjustment period for such assets ends.
C. Records related to real estate shall be retained for a period of fifteen years from the end of the Tax Period to which they relate.
D. The Bureau may, before the expiry of the periods stipulated in this Article, notify the Taxable Person where there is a need to retain records for a further period, which shall not exceed five years.
E. If the Person is no longer a Taxable Person due to the transfer of ownership of the Economic Activity to another party or merging with another party, he shall still be obliged to retain records for the period preceding the transfer of ownership or the merger in accordance with the periods stipulated in this Article.
F. In the event of insolvency or bankruptcy of the Taxable Person, his Tax Representative shall be required to retain his records for a period not less than twelve months from the date on which insolvency or bankruptcy proceedings came to an end.
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