47. Do political parties have to report regularly on their finances?
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.
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