News
Avoiding the Most Common VAT Mistakes in Estonia
Value added tax (VAT) is a consumption tax applied to goods and services used in European Union (EU) countries. Most goods and services are subject…
Managing Cross-Border Payroll and tax in Estonia
If you are planning to establish an Estonian base for your foreign company, cross-border employment may become commonplace. Having a combination of local and foreign…
All you need to know about e-invoicing in Estonia
Since 2020, only e-invoices can be sent to Estonian public sector organizations. Now the government plans to go one step further and oblige all businesses…
BALTIC TAX RATES FROM 1 JANUARY 2024
Estonia Latvia Lithuania Corporate income tax (CIT) rate CIT is payable upon profit distributions (the deemed profit distribution). CIT rate is 20%, calculated as…
Changes to the Value Added Tax Act as of January 1, 2024 & what the companies should know?
Changes to the Estonian Value Added Tax (VAT) Act have long been a focal point for companies. Starting from January 1, 2024, new regulations will…
Accounting – a crucial link in commerce
Commerce is an important economic sector in Estonia, encompassing various areas of activity including retail, wholesale, export, import, and e-commerce. Estonia’s location in the Baltic…
Understanding Estonian Payroll: Key Topics Unveiled
Payroll management is a critical aspect of any business operation, ensuring that employees are compensated accurately and in compliance with legal requirements. In Estonia, payroll…
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RAPPORT ANNUEL, JAHRESBERICHT OR ANNUAL REPORT – SIGNIFICANT CHANGES FOR ESTONIAN BRANCHES
On 31 December 2021, the provisions of the Commercial Code and the Accounting Act entered into force, which somewhat amended the accounting of branches of…
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WHY IS THE ACCOUNTANT ASKING – ACCOUNTANTS AND PREVENTING MONEY LAUNDERING AND TERRORIST FINANCING
The customers of many accounting service providers have probably noticed in recent years that they are being sent ‘Know Your Customer’ forms to fill…