The new Règlement grand-ducal du 25 Octobre 2024 (hereafter the “RGD”) updates the size criteria used to distinguish between small, medium, and large entities and groups.

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These new criteria apply to financial years starting on or after 1 January 2023. Consequently, they will first impact financial years beginning in 2025.

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This classification has a direct impact on audit requirements, as the entity size determines whether an audit is mandatory.