(1) Words and expression used in these Regulations have the same meaning as in the Act.

(2) In these Regulations, unless the context otherwise requires,

“assessment” means the verification of the tax liability of a taxpayer by the Commissioner-General;

“collection” means the removal of token or money from a gaming machine;

“District Assembly” includes Metropolitan and Municipal Assemblies;

“export processing zone” means a free zone as declared under section 7 of the Free Zone Act, 1995 (Act 504);

“going concern” means a business entity which is not likely to cease operation in the forseable future as specified in regulation 8;

“permanent record” means a record either in electronic or print format that can last for a period of at least six years;

“retail scheme” means one of the methods of accounting for tax as set out in regulations 26, 27 and 28;

“Tax Identification Number” means a unique number used to identify a tax payer registered by the Commissioner-General under section 4 of the Taxpayers Identification Numbering System Act, 2002 (Act 632);

“transfer of consignment” means the process of transferring ownership of goods from one person to another person; and

“sales receipt” means a receipt generated by a cash register or an electronic point of sale device on the authority of the Commissioner-General as specified in regulation 22.