Section RD 25 — Income Tax Act 2007: FBT rules and their application

RD 25 FBT rules and their application Meaning (1) The FBT rules means— (a) sections CX 2 to CX 38 (which relate to fringe benefits); and (b) sections GA 2 , GB 31 , and GB 32 (which relate to FBT); and (c) sections RD 26 to RD 63 ; and (d) schedules 1 , part C (Basic tax rates: income tax, ESCT, RWT, and attributed fringe benefits) and 5 (Fringe benefit values for motor vehicles); and (e) sections 46B to 46E , 93 , Part 7 , and section 139B of the Tax Administration Act 1994. Application (2) The FBT rules apply to an employer who provides a fringe benefit to their employee in connection with their employment. Defined in this Act: employee , employer , employment , FBT , FBT rules , fringe benefit , Compare: 2004 No 35 s OB 1 “ FBT rules ”