Year-end Close / Lux FinTax

Automate Luxembourg Financial Statements and Tax Returns

Caseware Lux FinTax automates the entire year-end close, helping you save time, improve accuracy, and stay fully compliant. AI-powered capabilities streamline workflows, reduce manual effort, and enhance data quality throughout the process.

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one-platform-fully-automated

One Platform. Fully Automated.

Automatically prepare financial statements, including all explanatory notes and disclosures, as well as Corporate Income Tax (CIT) returns. Caseware Lux FinTax produces validated XML files ready for submission via eCDF, RCS, and MyGuichet.lu.

Built for:

Trusts, investment funds and other financial industry companies
Service providers
Accountants and fiduciaires
Multinationals: seamless conversion from foreign to Lux GAAP
Corporations with their own accounting team

Save up to 75% of your time per financial statement

Entrust Lux FinTax to automate your financial statements and direct tax declaration in just hours instead of days – and, in doing so, free up time to focus on added-value tasks. Prevent the risk of manual errors with our built-in controls. Lux FinTax provides automated checks and validations, instructions, notifications and recommendations – to ensure accurate and error-free financial and tax reporting.

Communicate and collaborate  

Exchange documents with customers and every other stakeholder in the user-friendly, easy-to-access portal. Grant the auditor read-only access with their only option to give comments (issues). Compare version with our integrated version control.

Meet every compliance requirement

Automate financial statements and declaration of corporate income tax (CIT), municipal tax and net worth tax in line with all regulatory requirements and submit the compliant formats to eCDF and RCS portals and myGuichet.lu. Preventive controls are built in as well as detective diagnosis.

Cloud platform

Linked with accounting software
On screen validations, exception-based warnings
Full digital engagement with intelligent workflow, including all annotations and attached documents
Collaborate with colleagues and any stakeholder
AI integrated

Financial Statements

Export PDF/A and XML for submitting to RCS and eCDF
Automated Disclosures, fully customizable including reconciliations
Smart Review Tools to compare version 1 with 2, 3 or 4
Automated eCDF financial statements, including Chart of accounts, automated note reference numbers and many more

Corporate Tax

Complete corporate tax compliance: automated preparation of Forms 500, 506A, 800, 900 and 205, covering Corporate Income Tax (CIT), Municipal Business Tax (MBT), Net Wealth Tax (NWT), investment tax credits and withholding tax
Automated tax calculations & schedules: taxable income, tax adjustments, common expense allocation, transfer pricing adjustments, shareholding details, unitary value computation and other supporting schedules
Integrated tax mapping: accounting data and PCN accounts are mapped directly to the relevant tax return sections, reducing manual input and ensuring consistency across the filing
Connected forms & appendices: calculations, tax forms and supporting schedules are automatically linked and updated throughout the tax return
MyGuichet-ready filing: generate the required XML files for electronic submission to MyGuichet

Minutes

Minutes of the Meeting of the Board of Directors/Sole Manager
Minutes of the AGM of the Shareholder(s)
Fully automated based on the answer in the minutes checklist

VAT simplified annual tax return

Export to XML (for filing towards eCDF)
Export to official PDF
Pre-validations and warnings on screen

How secure is Caseware Cloud?

Caseware Cloud is protected by bank-level encryption and is ISO27001 and SOC 2® Type 2 certified. Data is stored in state-of-the-art data centres managed by Amazon Web Services. All information about security, privacy, etc. can be found here.

How can we make sure that the totals of the notes and disclosures match the balance and P&L?

Caseware Lux FinTax has integrated reconciliations. If a note does not reconcile you can see this in the financial statement itself and also in the diagnostics.

How can we check the work of a junior?

Caseware Lux FinTax has smart reviewer tools.You can compare version 1 with 2 or 3 and if needed switch back to a previous version.

How can we be in control over all engagements?

Caseware Lux FinTax has a monitoring tool. You can easily see the progress of all engagements and if needed help your team if they are struggling with completion.

How can we collaborate internally?

When someone has a question, they can create an issue directly within the relevant section. A junior team member can create the issue and tag the manager, who will automatically receive an email notification containing a direct link to the specific note. This allows the manager to quickly review the question, provide guidance, and resolve the issue efficiently.

How can we collaborate externally?

Collaboration is possible at multiple levels. The built-in portal allows teams to ask questions, request documents from clients, and send documents for approval.

External auditors can be granted free access to the financial statements in Caseware Lux FinTax to review and comment on the notes. Any comments or issues appear directly within the relevant explanatory notes, making them easy to review and correct.

How can we be assured that Caseware Lux FinTax is compliant?

Compliance is in our DNA. Preventive controls, detective diagnostics, and automated reconciliations are fully integrated to ensure accuracy and reliability. Deliverables are validated XML files for eCDF and MyGuichet, and PDF Type A for RCS.

Does Caseware Lux FinTax include integrated AI?

Caseware Lux FinTax is powered by Caseware Verity, our next-generation AI platform built specifically for audit and financial reporting.

Verity understands the context of your engagement and is designed to assist with tasks such as preparing notes and disclosures, analysing financial statements, and providing contextual recommendations. By combining AI with your financial data and reporting workflow, Verity helps you work more efficiently while maintaining professional judgement.