Proportional Calculation of Social Tax in Estonia
It is important for all social taxpayers in Estonia to correctly calculate the amount of their mandatory contribution for each reporting period. Understanding the intricacies of Social Tax in Estonia is crucial. Especially regarding partial periods. If the tax period covers less than a full quarter, the advance payment amount must be calculated proportionally. This […]
CHECKLIST: “PLACE OF BUSINESS AND VAT”
Determining an organization’s principal place of business is crucial for the correct calculation and payment of value-added tax (VAT). This aspect often causes difficulties for taxpayers, especially when operations are conducted simultaneously in multiple countries. This article provides a checklist to help you systematize the necessary steps and requirements to ensure compliance with tax legislation […]
Permanent establishment and VAT
Entrepreneurs often establish companies in Estonia but actually operate in another country. However, for VAT and corporate income tax purposes, this may mean the company has acquired a permanent establishment (PE) abroad. Along with it, new tax liabilities arise. Let’s explore this. What is a «permanent establishment»? A permanent establishment is more than just a […]
Estonia VAT rate and quick registration
This Article Covers VAT Registration in Estonia This article is intended for legal entities and sole proprietors planning to conduct business activities within Estonia VAT. Value-Added Tax (VAT): General Provisions VAT is an indirect tax applied to the sale of goods and services within Estonia. All companies operating in Estonia must register as VAT payers […]
What to check before signing the contract
Good afternoon Friends! Posted a checklist for free access on our FPRO website: “What to check before signing the contract”
6 EU Anti-Money Laundering Directive
The sixth European Anti-Money Laundering Directive (Directive (EU) 2018/1673 on combatting money laundering by criminal law – 6AMLD) was adopted on 12 November 2018. This Directive complements the Fifth Anti-Money Laundering Directive (5AMLD), which was adopted in the same year. EU member States were required to harmonize their national AML/CFT legislation under the 6AMLD provisions by the […]
Open an account with a bank or payment system
Open an account with a bank or payment system To open an account with a bank or payment system, you need to understand the difference between the requirements of these financial structures. A 100% bank account provides an opportunity to conduct business all over the world and use the bank’s financial instruments. Because any bank provides […]