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15.7 Luxembourg Partnership Accounting Requirements

PCN Requirements​

Capital Accounts:

  • Each partner has separate account
  • Class 1 (Equity)
  • Track contributions, profits, withdrawals

Profit Allocation:

  • Must follow agreement
  • Must be documented
  • Must use proper accounts

Must:

  • Have partnership agreement
  • Register with RCS
  • Maintain proper records
  • File annual accounts
  • Comply with partnership law

Luxembourg Compliance Note​

Partnership accounting in Luxembourg:

  • Must use proper PCN accounts
  • Must maintain capital accounts
  • Must allocate profits properly
  • Must comply with law
  • Must file with RCS

Think It Through​

What are the key accounting requirements for partnerships in Luxembourg?