Règlement grand-ducal du 21 décembre 1991 portant exécution de l'article 167, alinéa 1er, numéro 5 de la loi du 4 décembre 1967 concernant l'impôt sur le revenu. | http://data.legilux.public.lu/eli/etat/leg/rgd/1991/12/21/n2/jo — Luxembourg law | Esheria

Règlement grand-ducal du 21 décembre 1991 portant exécution de l'article 167, alinéa 1er, numéro 5 de la loi du 4 décembre 1967 concernant l'impôt sur le revenu.

This preamble states that the regulation is issued to implement article 167(1)(5) of the 4 December 1967 income tax law.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Luxembourg
Instrument
Regulation
Citation
http://data.legilux.public.lu/eli/etat/leg/rgd/1991/12/21/n2/jo
Status
In force
Version
Undated source snapshot
Language
fr
Updated
Official source
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deposit guarantee provisions government execution income tax provisions publication risk charges tax compliance

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Statute overview

About this statute

This preamble states that the regulation is issued to implement article 167(1)(5) of the 4 December 1967 income tax law. Banks may create provisions for deposit guarantees, but the provision may not exceed 10% of the total projected deposits. The annual allocation is capped at 5% of the theoretical provision amount. Payments for matured risks and additions to clearly specified and probable risk provisions reduce the referenced provision accordingly. The regulation applies starting with tax year 1991.