All good things come to an end! Even companies. Companies can end for various reasons, as a result of bankruptcy, for example, or for more positive reasons such as their dissolution to distribute the profits accumulated over time. There are two ways to dissolve a Luxembourg company: ...
If a company pays to a beneficiary income which is liable to withholding tax, the tax due is not to be charged to the debtor but rather it is the beneficiary who is taxed, even if the tax is paid by the income debtor. Normally the tax debt should be recorded on the date the actual income is ...
Luxembourg accounting law (law of December 10, 2010) offers companies the possibility of reporting their assets at 'fair value'. Fair value is measured principally for financial instruments (shares, debts, futures, options, swaps, etc.) or for any asset that can be assessed at fair ...
Luxembourg accounting law has evolved with new modifications introduced by the law of July 31, 2013. Reforms included changes to the Commission on Accounting Norms, various modifications related to corporate accounting and financial statements as well as consolidated accounts on certain types of ...
Luxembourg introduced a Standard Chart of Accounts as of January 1, 2011. Accompanying this new standard, Luxembourg set up a centralized balance sheet database1 in 2012 All Luxembourg companies must file the balance of their accounts with the balance sheet database. This rule applies to the ...
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG
