Covering the accommodation expenses of employees will not be a fringe benefit in the future Jun 21

The draft act for amendment of the Income Tax Act, Value Added Tax Act and Traffic Act, which is aimed at reducing the taxes payable by entrepreneurs in case they cannot find qualified workforce near their location and therefore want to transport workers from further away or cover their accommodation expenses in relation to everyday employment relationships, will be up for the second reading in the Riigikogu.

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Taxation of cars changes as of 1 January 2018 Jun 07

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Look up does your company have an obligation for an audit or audit overview May 31

There are new conditions for audit obligation starting from year 2016. They apply for annual reports that start 01.01.2016 or later. For previous ones, old conditions apply.
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Conditions of entering into employment contracts with minors set to change May 18

The Act Amending the Employment Contracts Act presented to the President for approval on 13 April amends the procedure for employing minors so as to ensure the protection of their health. At the same time, the new organisation of working time provides minors with an opportunity to participate more actively in working life during school holidays.

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VAT group represents a major advantage Apr 26

Not much use has been made of the advantages of a VAT group in Estonia to date. The reason for this could be the lack of knowledge. A VAT group is definitely an advantage if the commercial undertakings belonging to the group can deduct part of their input VAT. In this case, the proportion of the deduction of the input VAT of one group member can increase on the account of the taxable turnover of another member of the group.

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Automobile taxation as a fringe benefit Apr 04

Automobile taxation is once again a topical issue. The government plans to start imposing various new taxes and charges on automobiles. They have talked about both a one-off registration fee and taxation on private use payable according to engine power. At present, these are just ideas. However, it makes sense to review how the private use of automobiles is subject to taxation at present.

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Metal products added to list of reverse chargeable goods Feb 27

Estonian taxpayers have already gotten used to the application of the national reverse charge in the property sector. People are less aware of the reverse charge on scrap metal or investment gold, probably because these are relatively specific areas of activity and many taxpayers never have anything to do with them.

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Leinonen Group continues strong growth strategy and strengthens its position by acquisition of Norwegians Resultat Compagniet AS Feb 14

This acquisition strengthens the business of Leinonen Group in Norway and increases the clientele. With this acquisition comes new personnel that bring deeper competences in Norwegian market. “It is great to gain deep local knowledge of accounting business and local business environment”, says Petteri Leinonen, chairman of the board of Leinonen Group.

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