Help Guides
How many shareholders must a Private Limited Company (OÜ) have?
An OÜ can be established by just one person (who can be both the sole shareholder and the board member). The company must have at least one...
The most common type of company in Estonia
Shareholders' liability is limited to the capital invested in the company. Their assets are not...
Are there exceptions where an Estonian company does not have to submit an annual report?
There is only one exception. The annual report does not have to be submitted only if the company is registered in the second....
How do I know that I have made a mistake in the annual report?
If you have made an obvious mistake in your annual report, the business register will contact you and point out the mistake and ask you to correct it. They usually...
What are the most common mistakes that an entrepreneur can make when submitting an annual report?
The most common is a lack of knowledge and experience. Accounting according to Estonian laws and correct reporting is the most difficult part. This is because you must have...
How to become a tax resident of Estonia
It's important to note that having an Estonian ID card does not automatically make you an Estonian tax resident. Some people mistakenly believe that if they receive a salary from an Estonian company
What appendices can be included in the annual report
There are various options for what can be included as appendices. For instance, you might add a detailed.....
Taxation of licence fees (intellectual) property in Estonia
Under the Income Tax Act, income tax is imposed on payments for the use of copyrighted intellectual property, such as royalties. When a company in Estonia pays a royalty, it generally needs to withhold a license fee.
Does a dormant Estonian company have to submit an annual report
dormant company is still required to submit an annual report, indicating...
Taxation of entertaining and guests related costs in Estonia
The Income Tax Act defines "costs of entertaining guests" as expenses incurred for providing catering, accommodation, transportation, or entertainment to guests and cooperation partners...
Daily allowance during assignments abroad for Estonian companies
The tax-exempt limit for daily allowances during assignments abroad is 50 euros for the first 15 days of the assignment (15 days per calendar month at most) and
How to access previous annual reports of Estonian company
Previous annual reports can be accessed through the Estonian Business Register, where...
Taxation of fringe benefit costs in Estonia
Fringe benefits are subject to income tax at the employer’s level at a rate of 20/80 and social tax at a rate of 33%. Social tax is levied on the amount that includes both income tax and non-deductible VAT...
Are some types of Estonian companies exempt from submitting an annual report
All registered Estonian companies, regardless of size or activity level, are generally required to submit...
Remuneration payable to a member of the management board
With an A1/E101 certificate, a person who works outside the country where he/she has social security insurance can prove that he/she is covered under that
Is there a state fee for submitting the annual report?
When submitting the annual report to the Business Register, it is...
Information necessary for the preparation of the annual report
You’ll need financial data (revenues, expenses, assets, and liabilities), details on...
Accounting standards used in Estonia
Estonia follows the Estonian Accounting Act, which aligns with International Financial Reporting Standards (IFRS)...
Payroll taxation in Estonia
Employee's payroll calculation: From the total cost 1338 EUR - 61% (821,2 EUR) is received by the employee and 39% (516,8 EUR) is paid in taxes...
How does the annual report affect my company’s credit rating
The information in the annual report can impact your company's credit rating. It reflects...