Withholdings held in trust

Notwithstanding any other enactment, all amounts deducted or withheld by any person pursuant to the Income and Business Tax Act are deemed to be held in trust by that person for the Director General and are not subject to attachment in respect of any debt or liability of that person and in the event of any liquidation, assignment, or bankruptcy, the amounts do not form part of the estate in liquidation, assignment, or bankruptcy but shall be paid in full to the Director General before any distribution of the property is made. CAP. 55.