Tax losses incurred by a company during a tax year can be carried forward and, in principle, offset against taxable profits in subsequent years, thereby reducing the amount of tax payable. There are, however, restrictions on carry-forward and set-off. Tax losses incurred prior to 31st December ...

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A trial period is not compulsory when the employer draws up an employment contract. However, it may be necessary to stipulate the trial period in the contract in order to assess the employee's skills and to thus ascertain whether the employee is suitable for the job. During the trial ...

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Fixed-term contracts (FTC) can be drawn up only for jobs that are not long term. The employer can draw up FTC in the following cases: Replacement contracts for maternity/paternity leave or for long-term illness; Seasonal employment; Situations requiring short-term employment (in the ...

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The Luxembourg's accounting law distinguishes between three categories of companies: small, medium-sized and large companies. Classifying a company in the appropriate category is decisive since it then entails numerous accounting consequences such as: The minimum format of financial ...

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Luxembourg is often chosen when setting up a company. Its particular geography is not the only reason to consider when setting up a company in Luxembourg. Political and social stability under a parliamentary monarchy; High standard of living which places Luxembourg at numberone1 in terms ...

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Businesses must file their annual accounts (PCN) with the ECDF platform to make them accessible to Luxembourg administrations. Additionally, some companies must also file their annual accounts with the Luxembourg Business Register (LBR) to make them accessible to the public. The main entities ...

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