(1) A receiver shall notify the Comptroller in writing within 14 calendar days after being appointed to the position or taking possession of an asset of the person liable to pay tax in Saint Lucia, whichever first occurs.
(2) The Comptroller may in writing notify a receiver of the amount which appears to the Comptroller to be sufficient to provide for any tax which is or will become payable by the person whose assets are in the possession of the receiver.
(3) A receiver —
(a) shall set aside, out of the proceeds of sale of an asset, the amount notified by the Comptroller under subsection (2), or such lesser amount as is subsequently agreed on by the Comptroller;
(b) is liable to the extent of the amount set aside for the tax of the person who owned the asset;
(c) may pay any debt that has priority over the tax referred to in this section notwithstanding any provision of this section.
(4) A receiver is personally liable to the extent of any amount required to be set aside under subsection (3) for the tax referred to in subsection (3) if, and to the extent that, the receiver fails to comply with the requirements of this section.
(5) In this section “receiver” means a person who, with respect to an asset in Saint Lucia is —
(a) a liquidator of a company;
(b) a receiver appointed out of Court or by a Court;
(c) a trustee for a bankrupt person;
(d) an executor or administrator of the estate of a deceased person; or
(e) any other person conducting business on behalf of a person legally incapacitated.