Statute
Section CX 22 — Income Tax Act 2007: Benefits to non-executive directors
Text of the provision Official document
CX 22 Benefits to non-executive directors A transfer of value to a non-executive director that is a dividend under section CD 20(2) (Benefits of shareholder-employees or directors) is not a fringe benefit if it is made solely because of their capacity as a non-executive director. Defined in this Act: dividend , fringe benefit , non-executive director , transfer of value Compare: 2004 No 35 s CX 19
Official source: legislation.govt.nz
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