Luxembourg VAT compliance: FAIA (Fichier d'Audit Informatisé de l'AEDT)

In Luxembourg, businesses are required to provide upon request from the Luxembourg VAT authorities with a Standard Audit File for Tax (SAF-T), known locally as Fichier d'Audit Informatisé de l'AEDT (FAIA). FAIA is a standardised electronic format for exchanging accounting data, designed to facilitate tax audits. Understanding FAIA is crucial for ensuring compliance with Luxembourg's VAT rules and avoiding potential penalties.

This training aims to equip participants with the necessary knowledge and skills to effectively prepare and submit the FAIA files, ensuring compliance with Luxembourg's VAT obligations.

By the end of this training, the participants will be able to:

• understand the SAF-T (FAIA) requirements in Luxembourg;
• identify the data to be included in the FAIA files;
• learn how to anticipate and prepare the FAIA files for the Luxembourg VAT authorities;
• ensure compliance and avoid penalties.

1. Introduction to FAIA:

• definition and purpose;
• legal framework and obligations.

2. Data requirements:

• types of data required (e.g., sales, purchases, accounting entries);
• format and structure of FAIA files.

3. Preparation and submission:

• tools and software for FAIA file creation;
• submission process and deadlines.

4. Compliance and best practices:

• common issues and errors;
• tips for maintaining compliance.

This training is coordinated by Marie-Isabelle Richardin, Partner at PwC Luxembourg.

Marie-Isabelle Richardin, Tax Partner, has been working within PwC’s VAT practice since 2000. Her role at PwC is to assist operators in the financial services industry with their indirect-taxation strategies to help them comply with indirect-tax obligations. She also gained experience in the international tax world by working 2 years in New York.

Marie-Isabelle is a regular speaker at conferences and training sessions on VAT for financial services. She is PwC Luxembourg’s representative in the VAT working groups such as the Luxembourg Investment Funds Association (ALFI), the European Fund and Asset Management Association (EFAMA) and she is chairwoman of the VAT group at LPEA.