4.1ÌýÌýÌýÌý Valuing benefits-in-kind
General approach to BIK valuation
The general approach used in Luxembourg for valuing benefits-in-kind (BIKs) provided by the employer is to use the usual average price. Goods and benefits not consisting of cash are valued at the usual average prices of the place consumption or use and the time of availability. Receipts in foreign currencies are converted into euros at the average rate on the day they
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 15:21