News from the conversion law of the Anticipation Decree
- giorgiafrisenda
- Jan 8, 2024
- Reading time: 2 min
News Flash No. 1/2024
Law No. 191, which converts Decree-Law No. 145/23 (the so-called Anticipation Decree), came into force on December 17, 2023.
The main labor-related changes are summarized below:
Fringe Benefits on loans granted to employees
We would like to draw particular attention to the amendment of the tax legislation regarding loans granted by employers to employees, considering the heavy burden that the previous legislation placed on employees due to the sharp rise in reference rates ordered by the ECB in the last year.
Article 3 of Decree No. 145/23 has been amended by adding paragraph 3-bis after paragraph 3, which modifies Article 51, paragraph 4, letter b) of the TUIR. Therefore, in the case of loans granted to employees, “50% of the difference between the amount of interest calculated at the official reference rate in force on the due date of each installment or, for fixed-rate loans, on the date the loan was granted, and the amount of interest at the rate applied to the loans themselves is assumed.”
Consequently, for the calculation of any fringe benefits:
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