Okla. Admin. Code § 710:70-2-11
Current through Vol. 41, No. 19, June 17, 2024
Section 710:70-2-11 - Requirements placed on wholesalers and retailers to maintain copies of invoices(a) Wholesalers shall keep copies of invoices or equivalent documentation for each of its facilities for every transaction in which the wholesaler is the seller, purchaser, consignor, consignee, or recipient of cigarettes. The invoices or documentation must show the name, address, phone number and wholesale license number of the consignor, seller, purchaser, or consignee, and the quantity by brand style of the cigarettes involved in the transaction. [68 O.S. § 312.1(E)].(b) Retailers shall keep copies of invoices or equivalent documentation for every transaction in which the retailer receives or purchases cigarettes at each of its facilities. The invoices or documentation must show the name and address of the wholesaler from whom, or the address of another facility of the same retailer from which, the cigarettes were received, the quantity of each brand style received in such transaction and the retail cigarette license number or sales tax license number. [68 O.S. § 312.1(F)].(c) The invoices or equivalent documentation must be kept on the premises described in the license in such a manner as to ensure permanency and accessibility for inspection at reasonable hours by authorized personnel of the Oklahoma Tax Commission. With the permission of the Tax Commission, manufacturers, wholesalers, and retailers with multiple places of business may retain centralized records, but must transmit duplicates of the invoices or the equivalent documentation to each place of business within twenty-four (24) hours upon the request of the Tax Commission. Written requests for permission to keep centralized records should be submitted by mail to the Business Tax Services Division at Oklahoma Tax Commission, Oklahoma City, OK 73194 or by FAX at (405) 522-4450. [68 O.S. § 312.1(H)].(d) The invoices or equivalent documentation must be retained for a period of three (3) years from the date of the transaction. [68 O.S. § 312.1(I)].Okla. Admin. Code § 710:70-2-11
Added at 22 Ok Reg 1690, eff 5-10-15 (emergency); Added at 23 Ok Reg 2867, eff 6-25-06; Amended at 26 Ok Reg 2373, eff 6-25-09; Amended at 27 Ok Reg 2350, eff 7-11-10Amended by Oklahoma Register, Volume 38, Issue 23, August 16, 2021, eff. 9/1/2021Amended by Oklahoma Register, Volume 39, Issue 24, September 1, 2022, eff. 9/11/2022