HD 4 Treatment of principals

Despite section HD 3,—

(a)

a principal remains liable for their tax obligations, and is not released from them merely through the existence of the agency; and

(b)

if the Commissioner agrees, the principal and the agent may decide that the principal is to undertake the duties set out in section HD 3(2).

Defined in this Act: agent, Commissioner, tax

Compare: 2004 No 35 s HK 3(1), (1A)