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Impact of COVID-19 on financial reporting

The effects of the COVID-19 spring wave are mostly already visible in the financial statements, but it is still important to carefully consider some important issues when preparing the annual …

Second Pillar Pension Payments

The state suspended the payments made from social tax to the second pension pillar (4%) from 1 July 2020 until 31 August 2021. With the exception of people born between …

Special tax rules for crossborder workers

Estonian Tax and Customs Board has published on their website a guidance on special income tax rules (in Estonian only: https://www.emta.ee/et/ariklient/tulu-kulu-kaive-kasum/muudatused/eesti-residentide-valisriigist-saadud-tootasu-ja) which are applied in Estonia during emergency situation caused …

Undeclared equity contributions

The Tax and Customs Board has published on its website an explanation (only in Estonian language: https://www.emta.ee/et/ariklient/tulu-kulu-kaive-kasum/muudatused/maksudeklaratsiooni-andmete-parandamisele-laieneb) to the decision of the Estonian Supreme Court 3-18-989 from 12 May 2020, …

Reduced VAT rate for e-publications

In addition to printed publications, from 1 May 2020 Estonia applies reduced 9% VAT rate also to publications issued on other physical mediums and to e-publications. The purpose of the …

What is remote authentication

What is remote authentication and how does it make things easier in these times of restrictions. In connection with the amendment of acts, the Estonian Chamber of Notaries has developed …