Creation of a balance sheet database

The creation of a balance sheet database (“Centrale des bilans”) is one of the measures laid down in a law passed on 10 July 2011, the objective of which is to centrally and electronically capture all financial information on companies registered in Luxembourg.

The management of the “Centrale des Bilans” falls under the responsibility of the Luxembourg Statistical Office (STATEC). The law also regulates the electronic filing of annual financial statements at the Luxembourg Trade Register (RCSL).

Two electronic platforms are used to collect the data: the „Plateform élèctronique de collecte des Données Financière“ (eCDF) and the „eRegistre de Commerceet des Sociétés“ (eRCS).

The law becomes applicable from 1 January 2012.

The following table provides an overview of which types of company have to apply the electronic filing procedures and to what extent.

Standard chart of accounts

Following a decree issued by the Grand Duke on 10 June 2009 the use of a standard chart of accounts has become mandatory in Luxembourg.

The measure is part of the ongoing modernization of financial reporting and accounting rules in Luxembourg which began in 2002.

The standard chart of accounts must be used by the following entities and persons:

  • Commercial companies
  • European and other economic interest groupings
  • Branches and headquarters established in Luxembourg by sole proprietors not resident in Luxembourg, companies subject to the law of a foreign state (comparable to Luxembourg commercial companies) and economic interest groupings established abroad
  • Sole proprietors

The decree will apply to fiscal years starting after 31 December 2010 and to sole proprietors as of calendar year 2011. The first filings of account balances under the standard chart of accounts format will thus have to be effected in 2012.

We can assist you in implementing the new standard chart of accounts in your enterprise.


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