Code of Arkansas Rules Title 26 — Taxation
26 CAR § 35-107
Record keeping
# (a)
Nonmanufacturing PVDO.
# (1)
Nonmanufacturing PVDOs must maintain all invoices reflecting the purchase of vending device goods.
# (2)
PVDOs opting to pay tax on the basis of withdrawal from inventory must maintain accurate records that reflect each item withdrawn or sale through an Arkansas vending device.
# (3)
PVDOs using the averaging method described in 26 CAR § 35-103(b) must maintain records to substantiate the average purchase price used in calculating tax on each type of vending good.
# (b)
Manufacturing PVDO.
# (1)
Manufacturing PVDOs must maintain records substantiating manufactured goods withdrawn from inventory for sale through an Arkansas vending device.
# (2)
PVDOs must also maintain sales records to substantiate the average wholesale price of vending goods sold to other vending device operators or the lowest price for a similar volume wholesale customer.
# (3)
PVDOs that do not sell manufacturing vending device goods must maintain records to substantiate the cost of manufacturing the goods.
Source: view the official text