47. Do political parties have to report regularly on their finances?
![Luxembourg](https://flagcdn.com/w160/lu.png)
Luxembourg
Chapter IV, Article 12, Loi portant Réglementation du Financement des Partis Politiques, 2007, amended 2011
Art. 12. The central structure of a political party is obliged to approve every year, before July 1, its accounts for the previous accounting year. The accounting year starts on January 1 and ends on December 31 of every year. The accounts approved by the political party bear all revenues and expenditures as well as its assets and liabilities’ status.
BLANK