ARTICLE · 18 NOVEMBER 2024

Increase Of Accounting Thresholds

ELVINGER HOSS PRUSSEN, société anonyme

The Luxembourg government has adopted the Grand-Ducal Regulation of 25 October 2024 updating the accounting size criteria for Luxembourg companies.

LuxembourgAccounting and Audit

Milène Drweski

Tania Anton Garrido

The Luxembourg government has adopted the Grand-Ducal Regulation of 25 October 2024 updating the accounting size criteria for Luxembourg companies.

Why?

This update has been decided at a European level by the adoption of the Commission Delegated Directive (EU) 2023/2775 of 17 October 2023. It aims to reflect the inflation rates from the past two years.

What is changing?

The criteria for balance sheet and net turnover have been increased as follows:

	Balance Sheet Total	Net Turnover
Small undertakings	4,400,000 EUR 7,500,000 EUR	8,800,000 EUR 15,000,000 EUR
Medium-size undertakings/groups	20,000,000 EUR 25,000,000 EUR	40,000,000 EUR

Balance Sheet Total

Net Turnover

Small undertakings

4,400,000 EUR

7,500,000 EUR

8,800,000 EUR

15,000,000 EUR

Medium-size undertakings/groups

20,000,000 EUR

25,000,000 EUR

40,000,000 EUR

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Increase Of Accounting Thresholds

Why?

What is changing?

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