18‑120 Object of Subdivision18‑120 Object of Subdivision

#### 18‑120 Object of Subdivision The object of this Subdivision is to reverse the economic benefit of a credit under section 18‑15 (Tax credit for recipient of withholding payment) of a director, or an \*associate of a director, of a company if: (a) the company does not comply with its obligations under subsection 16‑70(1) (obligation to pay amounts withheld to the Commissioner); and (b) the credit is attributable to \*amounts withheld from \*withholding payments made by the company to the director or associate; until the company complies with its obligations.