News
Deposit for commercial premises is turnover
The purpose of a deposit is to offer the lessor security against malicious lessees. The deposit should discipline both parties to the transaction. However, the…
Non-resident’s obligation to register as VAT payer in Estonia
the existence of a permanent establishment; whether or not the purchaser of the goods or recipient of the services is a taxable person or a…
The national reverse charge mechanism – what is it?
If taxpayers have already become accustomed to the national reverse charge mechanism in the event of immovable property, then in a couple of months metal…
Maximum limits of distance selling differ in Member States
When an Estonian enterprise sells goods to private persons in another Member State via its website and sends the goods to the client by post,…
Important tax amendments that have entered and will enter into force in 2016
INCOME TAX Maximum daily allowance increased The tax exempt limit of daily allowances during assignments abroad is 50 euros for the first 15 days of…
It is important to differentiate the transfer of an enterprise from sales of goods. The risk is primarily taken by the buyer
No VAT is added in the first case and the buyer does not have the right to deduct input VAT, and in the second case,…
Compensation for damages or expenses is not turnover
Taxpayers know that everything which is not a service is goods. However, things get complicated when we’re dealing with something that does not fall into…
Change in declaration of long-term cross-border services in value added tax returns
Pursuant to the legislation in force before the amendment, the supply of services was considered to have occurred or the services were considered to have…
Changes in approach to VAT payable on goods and services sold to European Union institutions and NATO armed forces
Replacing the VAT refund system with tax exemption (or, to put it correctly, taxation with a 0% tax rate) will considerably reduce the administrative burden…