Required Source Documents

for Estonian Company Accounting

Accounting for an active company

To take care of monthly tax returns and prepare an annual report, you must provide the following information and documents (originals or copies)

  1. Short description of Company’s business (sales and purchases scheme)

  2. Company’s bank statements for full fiscal year (pdf and xls/csv files)

  3. All purchase invoices and receipts for full fiscal year

  4. All sales invoices and receipts for full fiscal year

  5. If some business transactions are not covered with sales or purchase invoices, then please provide other supporting documents (contracts etc.)*

  6. Loan contracts (if applicable)

  7. Purchase and sales contracts of real estate (if applicable)

  8. Investment portfolio statements (sales and purchases of whole year and market value of Dec 31) (if applicable)

  9. If Company owns shares of other Companies: Purchase and sales contracts of shares

  10. If company has subsidiaries (with ownership 50% or more), then the subsidiary’s annual report must be provided.

Good to know

The company is subject to income tax if no supporting documents are provided or if expenses are not related to the business.

Please note that the list may not be final, and additional statements or supporting documents may be required.

Please also note that even if your company has not conducted any transactions, the annual report must still be submitted.

Accounting for a dormant company

The company is considered dormant if during the fiscal year:

  1. No transactions happened on the company’s bank account(s) or securities accounts

  2. No sales invoices issued

  3. No purchase invoices received

  4. No asset changes

  5. No liability changes

To prepare the dormant company’s annual report, we need your confirmation that the company did not have any transactions during the fiscal year.

In case something above is not "NO", then the company’s annual report can't be prepared and submitted as a dormant but active company (see above), where the expenses are compensated, and the daily allowance is payable.