12.4 Luxembourg Current Liabilities (PCN Class 4 - Fournisseurs)
PCN Class 4: Tiers (Third Parties)​
Class 4 contains all third-party obligations.
Account Ranges:
- 400000-409999: Suppliers (Fournisseurs)
- 410000-419999: Customers (Clients)
- 420000-429999: Other Third Parties
- 430000-439999: VAT Accounts (TVA)
- 440000-449999: Social Charges (Charges Sociales)
- 450000-459999: Tax Accounts (ImpĂ´ts)
- 460000-469999: Other Liabilities (Autres Dettes)
- 470000-479999: Deferred Revenue (Produits Différés)
Supplier Accounts (400000-409999)​
Main Accounts:
- 400000: Accounts Payable - Suppliers
- 401000: Notes Payable to Suppliers
- 402000: Bills of Exchange Payable
- 404000: Advances to Suppliers
VAT Accounts (430000-439999)​
Main Accounts:
- 430000: VAT Payable
- 431000: VAT Recoverable
- 432000: VAT Due
- 433000: VAT Credit
Social Charges (440000-449999)​
Main Accounts:
- 440000: Salaries Payable
- 441000: Social Charges Payable
- 442000: Employee Social Charges Payable
- 443000: Employer Social Charges Payable
Tax Accounts (450000-459999)​
Main Accounts:
- 450000: Income Tax Payable
- 451000: Municipal Business Tax Payable
- 452000: Other Taxes Payable
Luxembourg Compliance Note​
PCN Class 4 requirements:
- Must use proper account classifications
- Must maintain accurate records
- Must support all balances
- Must comply with PCN structure
- Must enable proper reporting
Think It Through​
How does proper PCN classification of current liabilities support accurate financial reporting and compliance?