Règlement grand-ducal du 28 décembre 1990 portant exécution de l'article 104, alinéa 3 de la loi du 4 décembre 1967 concernant l'impôt sur le revenu (fixation des recettes provenant de l'économie et de la bonification d'intérêts).

AI-assisted research summary: This preamble states that the Grand-Ducal Regulation of 28 December 1990 is adopted to implement article 104(3) of the income tax law.

AI-assisted research summary: An interest-free loan made available by an employer to an employee is valued at 8% per year of the loan amount.

AI-assisted research summary: If an employer gives a loan to an employee at below 8% per year, the interest saving is set by the difference between 8% and the loan rate.

AI-assisted research summary: Receipts from direct or indirect interest subsidies must be valued at their nominal value.

AI-assisted research summary: The provision says the loan advantage is presumed to be made available at account-closing times, no later than the end of the tax year, and that it is generally calculated using standard banking practice except for a flat 8% annual rate.

AI-assisted research summary: This regulation applies starting with the 1991 tax year.

AI-assisted research summary: The Minister of Finance is responsible for carrying out this regulation, which will be published in the Mémorial.