Accounting and bookkeeping in Luxembourg

Bookkeeping for a Luxembourg company owned from abroad is mostly about keeping the year’s records complete enough to close the annual accounts on time. Guichet.lu states that the accounts are approved within the 6 months following the end of the financial year and filed within one month after their approval, with balances under the standard chart of accounts (PCN) unless IFRS is used. Many companies set up in the Grand Duchy are holding or investment vehicles with few transactions but strict reporting duties, while trading companies need monthly entries, supplier and customer ledgers, and a close link between the books and the VAT returns. Either way, the accountant usually works from scans and bank feeds sent from abroad.

Firms offering accounting in Luxembourg

OLISTONE

Accounting firm · Boutique firm

Steinsel

  • Company formation
  • Accounting and bookkeeping
  • Tax compliance
  • +6 more

Languages: English · French

View profile of OLISTONE

92 more firms offering accounting in Luxembourg

What to ask a Luxembourg accountant

Ask whether the firm keeps the books itself or passes them to another office, and in which language it reports to you. Ask how often it closes the books, what it needs from you by which date, and whether it prepares and files the annual accounts as part of the same fee. If the company holds participations, loans to group companies or real estate, ask how many similar structures the team already looks after. Chartered accountants must register with the Order of Chartered Accountants, so ask whether the person handling your file is a member.

Firms on Accountanty

Of the 119 firms Accountanty lists in Luxembourg, 116 keep accounts. Seventy-six of these are accounting firms and 40 corporate service providers, with 80 small practices, 18 medium-sized ones and 18 in large networks. English is spoken at 85, French at 75 and German at 30. Most sit in Luxembourg City, which is covered on the Luxembourg guide, and three each are in Strassen and Bertrange. Tax filing is covered on tax compliance in Luxembourg.

Frequently asked questions

Can a Luxembourg accountant keep the books if the owners live abroad?

Yes, most of the work runs on scanned invoices, bank statements and online approvals. Agree at the start who sends documents each month, who signs off the annual accounts and how the accountant reaches the managers when a question comes up.

Which languages do Luxembourg accounting firms work in?

Among the 116 firms on Accountanty that keep accounts in Luxembourg, 85 offer English, 75 French and 30 German. Seventeen work in Italian and 17 in Luxembourgish, which helps when the owners prefer to read their reports in another language.

Does a holding company in Luxembourg need an accountant?

A holding company with few transactions still has accounts to close, approve and file each year, and its loans and participations need careful treatment. Many owners therefore hire a firm that already looks after similar structures rather than keeping the books themselves.

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General information, not legal or tax advice. Rules, rates and fees change: check them with the official sources linked on this page or with a qualified adviser before you act.