Automated financial statements and tax declaration in the cloud - Caseware Lux FinTax

Save time, raise accuracy and meet every compliance requirement: Lux FinTax automatically prepares financial statements, including all explanatory notes, and direct tax declarations (corporate income tax, municipal tax and net worth tax) – ready for upload on eCDF, RCS portals and at MyGuichet.lu.

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Lux FinTax: how does it work?

Automate your financial statements in 5 easy steps

  1. Import financial data directly from PCN 2020 or any other GAAP

  2. Lux FinTax automatically organizes the data in your balance sheet and P&L accounts and generates the financial statements

  3. Review possible discrepancies (exception-based) in the financial statements (including the standard chart of accounts)

  4. Complete the notes and annotations that FinTax suggests

  5. Upload your fully compliant PDF/A and XML reports on both the eCDF and RCS portals.

Automate your direct tax declarations in 5 easy steps

  1. Import financial data directly from PCN 2020 or any other GAAP

  2. Lux FinTax automatically links most data to the correct tax codes (corporate income tax, municipal tax and net worth tax) and generates a compliant report

  3. Link the remaining data (allocation of the common expenses, transfer pricing adjustment, exceeding borrowing costs,...) to the correct tax code

  4. Calculate taxes, generate the appendixes, form 500, forms 506a and create the correct XML file

  5. Submit your XML file online at MyGuichet.lu.

Lux FinTax: your benefits

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.

Numbers you can trust

Prevent the risk of manual errors. 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.

Meet every compliance requirement

Automate financial statements and declaration of corporate income tax (CIT), municipal tax and net worth tax (with financial statements and form 506 a) in line with all regulatory requirements and submit the compliant formats to eCDF and RCS portals and myGuichet.lu.

Embrace the power of integration

Conveniently combine financial reporting with the automated processing and reporting of 3 types of direct taxes: CIT, municipal tax and net worth tax – all in one solution.

Enjoy the cloud – or go hybrid

Access your files anywhere, anytime, work online with colleagues and customers and don’t worry about updates or safe storage. Rather go hybrid and combine on-premise financial statements with our cloud app for direct tax reporting? We’ve got you covered!

Features

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
Financial statements
  • Export PDF/A and XML for submitting to RCS and eCDF
  • Automated Disclosures, fully customizable
  • Smart Review Tools
  • Automated eCDF financial statements, including Chart of accounts, automated note references and many more

Direct Taxes
  • Export XML for submitting to MyGuichet
  • Form 500 tax declaration (CIT, MBT, NWT…): automated and linked with appendices, calculations and PCN groupings
  • Form 506a which automates the Net Worth Tax, Corporate Income Tax and the appendices
  • Automated appendices: allocation of common expenses, transfer pricing adjustments, details of the shareholdings, computation of the unitary value…

Lux FinTax: who is it for?

Accountants - Fiduciaires

Trusts, family offices, private equity or other finance industry companies

Service providers, Shared service centers

Large and mid-size companies with their own accounting team

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