Coronavirus and corporate taxes: Seven ways to reduce Covid-19’s financial impact on your company

In a blog post published last week, we examined the impact of Covid-19 on personal taxation, including taxation for cross-border commuters. The virus’s impact, however, also extends to companies, who now face extraordinary operational and financial hardship. Prime Minister Xavier Bettel has announced a few measures on March 17th 2020. KPMG Luxembourg has […]

How does impairment look under IFRS 16 Leases?

As we’ve seen over the last few months, IFRS 16 has brought about a lot of changes to the existing treatment of leases, especially for lessees. Probably everyone, even if not significantly affected by this accounting standard, remembers at least the most important change: in many cases the lessees will now have to recognize their operating lease on balance she […]