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, 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, 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.

• Introduction to FAIA:
  • definition and purpose;
  • legal framework and obligations.
• Data requirements:
  • types of data required (e.g., sales, purchases, accounting entries);
  • format and structure of FAIA files.
• Preparation and submission:
  • tools and software for FAIA file creation;
  • submission process and deadlines.
• 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 is a partner at PwC with over two decades of experience in VAT practice, specialising in assisting financial services operators with indirect-taxation strategies to ensure compliance and reduce tax burdens at both Luxembourg and international levels. She has held leadership roles within PwC’s VAT practice and gained international experience through assignments in New York and London. Marie-Isabelle is a frequent speaker and trainer on VAT for financial services, a guest lecturer at the University of Luxembourg, and has chaired the VAT working group of the Luxembourg Private Equity Association. She also represents PwC Luxembourg in VAT groups of key industry associations including ALFI and EFAMA. Her expertise covers financial transactions, investment funds, asset management, and VAT compliance, with notable client projects involving private equity, real estate, hedge funds, management companies, and banks.