Audit obligation applies to an accounting entity in whose annual financial statements at least two of the indicators listed on the right exceed the following values: 

• sales revenue or income 5 000 000 euros;

• total assets as of the balance sheet date 2 500 000 euros;

• average number of employees 50.

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.

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...

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.

The annual accounts are prepared in accordance with the Estonian Financial Reporting Standard, which consists of financial reporting requirements based on internationally accepted...

Before distributing dividends, the company's share capital must be paid in. According to the Commercial Code, profits cannot be distributed if the company...