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How consolidated data is collected in Luxembourg?

    As consolidated data are not currently collected in a structured way, Luxembourg has decided to remain flexible on the layout of the consolidated financial statements by allowing all formats of balance sheet and profit and loss account that are accepted by the European Directive.

Why did PwC Luxembourg contact 146 2?

    PwC Luxembourg contacts 146 2 PwC Luxembourg Preface Two years after a major modernisation of the Accounting1and Commercial2 laws, the legislator has clarified and modified some provisions that were open to interpretation or potential misuse.

How are capital and reserves recorded in Luxembourg?

    Subsidies received from the Luxembourg government (other to be specified) related to the financing of investments are recorded 3under “Capital and reserves” at their initial value. They are written off using the same method and over the same period as the assets which they relate to. X.2.14 Temporarily not taxable capital gains

How are capital investment subsidies recorded in Luxembourg?

    X.2.13 Capital investment subsidies Subsidies received from the Luxembourg government (other to be specified) related to the financing of investments are recorded 3under “Capital and reserves” at their initial value. They are written off using the same method and over the same period as the assets which they relate to.
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