Indemnity: protection for those who deduct or pay tax on another's income, securing reimbursement for such acts. A statutory rule provides that any person who deducts, retains or pays tax in respect of income belonging to another person shall be indemnified for that ... Summary
Indemnity: protection for those who deduct or pay tax on another's income, securing reimbursement for such acts.
A statutory rule provides that any person who deducts, retains or pays tax in respect of income belonging to another person shall be indemnified for that deduction, retention or payment made pursuant to the Act, thereby securing financial protection for persons undertaking withholding or payment obligations on behalf of others.
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