Accounting for self-employed

Since 01/01/2017, All self-employed people with a yearly turnover of more than EUR 100,000 should have an accrual accounting system. Below EUR 100,000 of yearly turnover and if you offer intellectual services, like consulting, you can have a cash basis accounting...

Fine for late filing of accounts

In Luxembourg you have 7 month after the end of the financial year to publish company’s accounts. After that the RCSL (Luxemburgish business register) will fine you for late filing. The fine is equal to: EUR 50 excl. VAT if you are late of 1 month EUR 200 excl....

The advantages of being self-employed in Luxembourg

Make a list of benefits of being self-employed in Luxembourg rather than in another European country is obviously very subjective! But we can make a non-exhaustive list. You must first know that thanks to the freedom to provide services, under certain conditions, you...

Tax returns, it is not too late!

The official date for the submission of tax returns for individuals is 31 March. However, if you do not have to file one, the administration accepts delivery of tax returns till 31 December.

Tax returns, it is not too late!

The official date for the submission of tax returns for individuals is 31 March. However, if you do not have to file one, the administration accepts delivery of tax returns till 31 December.