Section CD 32 — Income Tax Act 2007: Employee benefits

CD 32 Employee benefits FBT rules (1) A fringe benefit subject to fringe benefit tax is not a dividend. Board (2) An amount that is employment income under section CE 1(1B) (Amounts derived in connection with employment) is not a dividend. Defined in this Act: amount , dividend , employment income , FBT rules , fringe benefit , fringe benefit tax Compare: 2004 No 35 s CD 23 Section CD 32(2): amended (with effect on 1 April 2008), on 29 August 2011 (applying for the 2008–09 and later income years), by section 140(1) of the Taxation (Tax Administration and Remedial Matters) Act 2011 (2011 No 63).