3808

(a) Every foreign corporation authorized to do business in the Commonwealth must keep and maintain in the Commonwealth such accounting books, documents and records (including inventory records) which according to accepted accounting practices are sufficient to:\n(1) Clearly establish the amount of gross income and deductions, credits and other details related to the operations in the Commonwealth which must be declared in the income tax returns filed in the Commonwealth, and\n(2) clearly reflect the amount of its investments in the Commonwealth, the property owned by the corporation located in the Commonwealth, and the amount of its capital spent in conducting its business in the Commonwealth.\nHistory —Dec. 16, 2009, No. 164, § 13.08.