Publication of the 6th edition of the book "Compendium of Accounting Law"

The 6th edition of "Précis du droit comptable" has just been published.

"Compendium of Accounting Law" book available soon

"Compendium of Accounting Law" (2014 edition) will be available soon.

This compendium of accounting law is a thorough study of Luxembourg accounting. The new book includes many new developments in Luxembourg tax laws in addition to Luxembourg accounting. Available in French only. 

Compendium of accounting law

This book, written in French, is a comprehensive compendium of Luxembourg accounting law. It gives a summary of accounting policies and also many developments in tax law. 

Law of December 10, 2010

Luxembourg accounting law (under the law of December 19, 2002) has been changed under the Law December 10, 2010 "International Accounting Laws for Companies". For more information, you can read our full article about the new december 2010 law. (french ony)

Luxembourg: new standard chart of accounts 

As of January 1, 2011, companies in Luxembourg must implement a new standardized chart of accounts in their accounting procedures. For more information, read the article (French only).

Registering assets at their fair value

It is now possible for Luxembourg companies to register their assets to their fair value.  For more information, read our french article.

LPG Luxembourg has a new address

In order to expand and better respond to its clients, LPG Fiduciaire Luxembourg has moved its offices to a new location more suited to its clients' activities.

The new address is 15-17 avenue Guillaume à Luxembourg and was completed on May 15, 2013.

Full accrual basis accounting or cash flow accounting?

In Luxembourg there are different ways to declare VAT according to the turnover of the company. For more information, readmore on the article. (in French only)

In Luxembourg, corporate annual accounts must be approved either by the shareholders or associates in a general shareholder's meeting.

For S.A. companies,  the general shareholder's meeting must be announced by the Board of Directors or Director. For S.A.R.L. companies, this is done by the Managing Director.

In S.A.R.L. companies where there are fewer than or equal to 25 shareholders, it is not necessary to hold a physical meeting. 

Lawyers in Luxembourg can now choose to incorporate as S.A. or SARL companies.

By choosing to incorporate in this way, law firms will be subject to corporate income tax under the conditions of common law just as all merchants, craftsmen, industrialists and other professionals.