Help Guides
Audit requirements for Estonian companies from 01.01.2024
The Estonian Parliament has accepted the law, and it is waiting for presidential approval.
The financial statements of all public limited companies and foundations should be audited.
Accounting for Crypto Companies in Estonia
Crypto exchange companies in Estonia are required to have a cryptocurrency license and follow the same reporting rules and requirements as any other financial institution in Estonia. According to the European Court of Justice ruling, cryptocurrencies are exempt from VAT.
Recommendations for accounting software popular in Estonia
For an easy and accessible solution, we offer our customers the cloud-based accounting software SmartAccounts (in English) for managing our clients' accounts. It is best suited...
Accounting requirements in Estonia for new non-active companies
If a company is not actively trading, it is not required to have monthly accounting; only mandatory yearly reporting is needed. However, if a board member wants to comply with local rules, they may choose to do so.
Accounting principles and standards used in Estonia
The annual accounts are prepared in accordance with the Estonian Financial Reporting Standard, which consists of financial reporting requirements based on internationally accepted...
How to distribute profits from an Estonian company
Before distributing dividends, the company's share capital must be paid in. According to the Commercial Code, profits cannot be distributed if the company...