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Audit of stand-alone annual accounts
At Grant Thornton Luxembourg, our team of experts is specialised in audits of stand-alone annual accounts.
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Audit of consolidated annual accounts
Grant Thornton Luxembourg team of experts is specialised in providing audit services to a lot of multinational which have their administrative center located in Luxembourg for whom the consolidated annual accounts have to be audited.
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Agreed-Upon Procedures Engagements
In the case of agreed-upon procedures engagement, Grant Thornton Luxembourg performs procedures particularly requested by the client/bank and reports on the findings.
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GDPR-CARPA Certification
Grant Thornton Audit and Assurance is accredited by the Commission Nationale pour la Protection des Données (CNPD) to provide GDPR-CARPA certifications for organisations.
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Forensic Audit
Grant Thornton Luxembourg has the forensic and business skills to deal with the most complex situations. A multi-disciplinary team of dedicated accountants in consultation with lawyers, IT consultants, insurance experts, valuation specialists and actuaries may be engaged when necessary.
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Supervisory Auditor (Commissaire)
Grant Thornton Luxembourg has a dedicated team of experts committed to deliver services to reserved to Supervisory Auditor or "Commissaire aux Comptes".
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Liquidation Audit
Grant Thornton Luxembourg has a dedicated team of experts committed to deliver services to reserved to liquidation audit "Commissariat à la liquidation".
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Assurance Engagements
Grant Thornton Luxembourg have a dedicated team of experts committed to work on audit and assurance special engagements.
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IFRS Services
At Grant Thornton Luxembourg, our experts can help you navigate the complexity of International Financial Reporting Standards (IFRS).
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Valuation
Grant Thornton Luxembourg helps clients evaluate and implement various strategic alternatives through our comprehensive suite of corporate value consulting services. From opinions, board solutions and services, to valuation and modeling, we can assist you with value added services throughout the transaction lifecycle.
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Governance, Risk & Compliance
Grant Thornton Luxembourg offers comprehensive services in Governance, Risk & Compliance (GRC) tailored to meet the evolving needs of businesses in today's dynamic regulatory environment. Our commitment is to provide personalised guidance and global expertise, ensuring that your company establish robust internal controls and navigates governance challenges effectively.
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Structuring & Modeling
Grant Thornton Luxembourg offers workable solutions to maximise your value and deliver sustainable growth. Transactions or reorganisations are significant events in the life of a business, so the stakes are high for both buyers and sellers.
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External DPO and Data Protection Compliance
EU General Data Protection Regulation (GDPR) - The real challenge consists of remaining compliant with GDPR and in being able to prove this compliance (accountability principle). Grant Thornton Luxembourg can help you with a tailored phase approach.
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Sustainability & ESG Services
At Grant Thornton, we recognise the need of our clients to operate responsibly and to meet the high standards posed by the sector they operate. We offer pragmatic, tailor-made solutions to our clients and we assist them to make the required transitions towards the implementation of sustainable business practices.
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Whistleblowing services
Since May 2023, the Whistleblower Law has become effective in Luxembourg. What does this mean for your business? Our experts can advise and help you to set-up internal reporting channels and to comply with the new law.
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Alternative Investment Services
Grant Thornton Luxembourg is a bespoke business partner to established Alternative Investment Fund (“AIF”) Managers (“AIFM”) as well as independent Managers launching start-up Funds and seeking for a single entry point in Luxembourg in order to set-up and manage their Luxembourg domiciled Funds.
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Fund Administration
Fund Administration - Grant Thornton Luxembourg offers a full range of tailored solutions to our clients.
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Registrar & Transfer Agency Services, Client Reporting
Grant Thornton Luxembourg provides investors with confirmations, final Contract Notes and regular statements upon finalisation of the Fund’s Net Asset Value, We handle all wire payments and transfers, including the processing of distribution dividend payments, and perform in-depth Anti-Money Laundering Counter Terrorism Financing and Know-Your Client due diligence checks on investors.
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Fund set-up, Launch & Corporate life
High-quality product structuring and legal services have become a crucial tool enabling industry players to get through the major changes impacting their business development, strategy and organisation as a whole. Our Investment Management practice at Grant Thornton Luxembourg is your one-stop place for expert advice combining pragmatism and a unique in-depth knowledge of the Luxembourg market.
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AML Compliance Services
Grant Thornton Luxembourg helps its Clients to keep compliant with AML-CTF laws and regulations and provide an expert skilled team.
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Regulatory Reporting Delivery
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Legal Support & Corporate Services
Grant Thornton Luxembourg delivers Legal Support & Corporate services.
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Accounting & Reporting Services
Grant Thornton Luxembourg may explore the specific characteristics of your company in order to provide a personalised assistance in the fields of Accounting & Reporting services.
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Corporate Tax Compliance
Grant Thornton Luxembourg may explore the specific characteristics of your company in order to provide a personalised assistance in the fields of corporate tax compliance.
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Direct Corporate Tax Advice
Grant Thornton Luxembourg understand the complexity of national and international tax laws. We can unlock your potential for local and international growth.
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VAT and Other Indirect Tax Compliance
Handling the day-to-day VAT compliance obligations requires being close to your business. Our VAT compliance business line assists you to ensure that long term reporting processes are implemented and respected with the aim of safeguarding a proper and timely VAT filing. This is important for achieving a VAT compliant environment and mitigating local VAT risks.
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VAT and Other Indirect Tax Advice
Our VAT advisory business line is dedicated to keeping you up to date with amended VAT legislation and changes in the administrative practice in Luxembourg and worldwide with our Grant Thornton global VAT network. Specialists review and comment on new EU directives and the latest case law by the Court of Justice of the European Union in order to provide you with advice tailored to your specific needs.
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Transaction & Reorganisation
Reorganisations - Transaction Planning - Tax Structuring - M&A. Companies strive to improve their market position with take-overs, mergers and demergers. Strategy and financial tactics are important elements in this respect. Grant Thornton tax specialists may intervene in all stages of the transaction.
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Transfer Pricing
The laws surrounding transfer pricing are becoming ever more complex, as tax affairs of multinational companies are facing scrutiny from media, regulators and the public. Grant Thornton Luxembourg can help you manage your transfer pricing risks and find opportunities.
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Tax - Financial Services & Operational Tax
Our Tax - Financial Services team provides tax advisory services relevant for the Financial Services Industries and Operational Tax assistance. This includes tax advice, automatic exchange of information (FATCA, CRS, DAC 6, DAC 7 and DAC 8), advisory and compliance assistance regarding the US Qualified Intermediary (QI) regime, assistance regarding withholding tax reclaims, investor tax reporting and tax structuring in the context of Islamic finance.
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Personal Tax
Our experienced multilingual Personal Tax Team is keen to give you tailored solutions, optimise your situation and help you make decisions. We could assist you with: income tax returns, vat returns, tax assessments, contacts with the tax authorities and assistance by tax audit or tax litigation, tax matters advices, inheritance tax matters, international assignments and trainings.
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Cross-Border Tax
Tax policies are constantly evolving and there are a number of complex changes on the horizon that could significantly affect your business. We can help you with practical advice such as VAT and direct tax.
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Corporate Finance
Exploring the strategic options available to you as a business or shareholder, advising and project managing the chosen solution, Grant Thornton Luxembourg provide a truly integrated corporate finance offering. Merger & acquisition, buying a business, selling a business, transaction piloting,raising finance to support your business plans.Vendor due diligence, acquisition due diligence, reporting accountant work,operational due diligence, management assessment.
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Expatriate Tax
Although international employment has become a standard practice in business life, employers and their assignees are still faced with numerous questions in this area. Grant Thornton Luxembourg can help you to be one step ahead.
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Set-up, Restructuring & Business Planning
Grant Thornton Luxembourg is delighted to add value during the implementation of your businesses and to be given the opportunity to grow together with you. Relying on our professionals’ financial expertise will allow you to take dynamic but sustainable decisions.
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Corporate Secretarial Services
Grant Thornton Luxembourg provides corporate secretarial services to enable our clients to comply with their legal and administrative obligations in Luxembourg.
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Liquidation & Insolvency
Grant Thornton Luxembourg can draw on years of experience in the areas of liquidation and insolvency and then make sensible recommendations on how best to deal with your financial crisis.
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Human Resources Management & Payroll
Grant Thornton Luxembourg has been delivering since 1987 Payroll and Human Resources services to private and institutional clients. A team of highly qualified collaborators manages around 7 000 payslips per month and offers related consulting services.
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Information Security
Is your organisation resilient to information security threats? Whether you're a large enterprise or a small business, Grant Thornton is committed to providing comprehensive security services tailored to your needs.
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IT Audit
Grant Thornton internal audit team provides IT audit services as part of your internal audit or as part of any specific IT audit that is required (ad’hoc , assurance reports, external audits).
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MySmartOffice
Grant Thornton Luxembourg offers a new complete online accounting and consulting solution for SMEs named MySmartOffice to access financial and operational information instantly online.
The world has been experiencing for several months a huge and unprecedented health crisis due to the COVID-19, which is likely to last several months, if not years. In this context, Luxembourg companies are facing complex operational and compliance challenges, and individuals as citizens are seeing a lot of questions and concerns raised both in the press and by regulators, about how measures taken by governments to control this pandemic can challenge their rights and freedoms to privacy.
For this reason, Grant Thornton Luxembourg has launched a series of Webinars about different topics around the COVID-19 crisis, implications for businesses and how best to deal with it.
Missed our webinar on GDPR on May 7th? Find below tips and best practices from our seasoned practitioners!
Health data: limitations imposed on employers to processing this information
Corporates strive to protect their employees. At times, they need information about their health. There are however, limitations to what they can, and cannot do.
Do’s
- Raise awareness, and encourage staff to communicate if they have been exposed to Covid-19 to their employers as well as the relevant health officials
- Ease the transmission of such information by instilling secure communication mechanisms that ensure the confidentiality of staff
- Encourage remote working and rely upon « médecine du travail »
- In case you are notified that a fellow colleague has been exposed to Covid-19, take careful note of:
- The time and date the person may have been exposed
- Organisational and security measures taken to mitigate risk (isolation, teleworking, reaching out to the médecine du travail team, etc.).
Don’ts
- Divulge the identify of such persons to third parties or fellow colleagues without a clear justification
- Require staff to share their temperature or fill in medical questionnaires
- Ask visitors to attest they are free of symptoms, or seek to know their travels
- Have weak security measures in place. To preserve the confidentiality of persons, this last point is paramount, especially when it deals with health data.
Teleworking: managing the fine line between professional and private data
A large number of corporates have also enabled their employees to “telework” i.e. work from home. When it comes to remaining compliant with the GDPR, what does this imply? What is one permitted to do? How should one manage security, the separation between professional and private data where personal devices are used, and increased threats from hackers?
- The employer should refrain from monitoring their employees when organizing working conditions, including via video or other means;
- When processing personal data, including sensitive data, the latter should respect the following principles:
- necessity,
- proportionality,
- accountability, and
- be guided by principles designed to minimize any risks regarding employees’ right to privacy.
- The employer should not process personal data beyond what is necessary.
Geolocation: privacy considerations behind tracking in the COVID-19 world
Tracking: what is it? In the Covid-19 context, it means using individuals’ location data and health data to monitor and attempt to contain the virus from spreading. Whereas tracking is already used in several countries throughout the world, we explore the thought process of the French data protection supervisory authority (CNIL) who the French government consulted on the contemplated use of the app, StopCovid. This case study enables one to understand how difficult it can be to balance the health of a nation’s citizens with the principles enshrined in the GDPR.
CNIL recommendations summarised:
- Use StopCovid based on consent – Ensure no negative repercussions if not used
- Ensure transparency to instil trust
- Ensure data minimisation by promoting the use of pseudonyms
- Ensure limited data retention periods
- Ensure purpose limitation is adhered to:
→ Contact tracking = YES
→ Geolocate infected persons = NO
→ Ensure respect of confinement obligations = NO
Are you keen to know more about this topic?
View our GDPR Webinar recording
Contact our experts Lionel Gendarme, Advisory Partner and DPO of Grant Thornton Luxembourg, and Shariq Arif, Advisory Manager and external DPO for clients, to learn how we can help you address this critical topic.
Warning
The knowledge provided by this WebEx is purely informative. Although we do the utmost to ensure that this information is correct, we decline any responsibility as to possible damages, losses, losses of earnings, direct or indirect induced by its use