Estonian VAT changes from 2022

Estonian Parliament adopted several VAT changes on 24 November 2021, which will become effective on different dates during year 2022. In addition to bad debt relief adjustment described in one …

Income tax changes

From 1 July 2021, the concept of low tax territory (i.e. tax haven) in the income tax legislation is replaced with EU list of non-cooperative jurisdictions for tax purposes, the …

Values are very important for IMG Numeri

The topic of values arises in every company sooner or later. Long discussions in various media channels and sharing of stories on the topic has become a standard already. Whether …

Bad debt relief for VAT

Estonian Parliament adopted changes to the VAT Act on 10 February 2021, which inter alia prescribe that under certain conditions taxable persons can adjust from 1 January 2022 their output …

Digital services to UK consumers (B2C)

Due to the end of transition period of Brexit, from Q1 of year 2021 the Estonian company cannot declare on its MOSS return digital services rendered to UK B2C consumers …

UK VAT refund to Estonian companies

From 2021, if the Estonian company purchases goods or services from the UK VAT person, to which has been added UK VAT, then the Estonian company cannot generally apply for …

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 …