Comply with Annual Financial Statement Submission Deadlines: A Reminder for Luxembourg’s Business Community
As part of its efforts to promote transparency and protect third-party interests, the Luxembourg Trade and Companies Register (RCS) is reminding businesses of their obligation to submit their annual financial statements.
Why Compliance is Crucial
According to new regulations, companies with an annual turnover exceeding EUR 100,000 must file their accounts online through the electronic compendium of companies and associations (RESA). The general public can access these filed accounts on the RCS website. Failure to comply with these regulations may result in severe consequences.
Submission Deadline and Eligible Entities
The submission deadline for annual financial statements is within one month of approval, which must occur no later than seven months after the end of the calendar or financial year. This applies to a range of entities, including:
- Capital companies
- Partnerships
- Cooperative companies
- Branch offices of foreign companies in Luxembourg
Seeking Expertise
To ensure compliance with these regulations, local businesses can seek the expertise of accounting and auditing specialists such as Enterslice. The firm offers a range of services, including:
- Accounting advisory
- Financial reporting
- Auditing
- Assistance in forensic audits
“We understand the importance of meeting these deadlines and the potential consequences of non-compliance,” said an spokesperson for Enterslice. “Our team of experienced professionals is dedicated to providing businesses with the support they need to navigate Luxembourg’s complex regulatory environment.”
Services Offered by Enterslice
Enterslice provides a range of services to help businesses comply with accounting standards, including:
- LUXGAAP and IFRS
- Audits of consolidated financial statements under Lux GAAP or IFRS
- Forensic auditing, which involves the evaluation and examination of a company’s financial records for use in legal proceedings
In addition to its core services, Enterslice offers specialized expertise in forensic auditing. The firm also provides:
- Bookkeeping services
- Financial reporting
- Analytical bookkeeping
- Training courses on audit-related subjects
- Compliance management services
Conclusion
With its team of experienced professionals and expertise in Luxembourg’s regulatory environment, Enterslice is well-positioned to support local businesses as they navigate the complex world of accounting and auditing. By outsourcing their accounting and auditing needs to Enterslice, businesses can ensure compliance with regulations and focus on their core operations.