When is the deadline for submitting the annual report for 2024 if the company’s financial year is the same as the calendar year? In general, the annual report must be submitted within 6 months after the end of the financial year. The financial year of a company is determined by its Articles of Association.
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VAT in Estonia Rises to 24% Starting July 1, 2025 – What Business Owners Need to Know
Accounting and taxation aren’t just back-office formalities — they’re essential tools for strategic business management. And when a country’s tax policy shifts, entrepreneurs need to adapt quickly and smartly. One of the most significant upcoming changes in Estonia is the VAT rate increase and the cancellation of a proposed “defense tax.” Here’s what’s changing, what’s not, and how to prepare.
Reverse Charge on Services in Estonia
Many entrepreneurs, particularly owners of small businesses, have questions about the reverse charge mechanism for services. This occurs when the obligation to calculate and pay VAT shifts from the seller to the buyer of the service. This article clearly explains how reverse charge for services works in Estonia and how to correctly report it in the KMD declaration.
How to Pay Salaries and Taxes After Registering in the Estonian Employment Register
After registering an employee in Nola Accounting and either you or our accountant have entered this information into the Estonian Employment Register, it is important to properly organize the salary payment and tax process to avoid errors and penalties. Let’s go through the steps to do it correctly.
What to Consider When Paying Employee Salaries in 2025
Starting January 1, 2025, the income tax rate in Estonia will increase, directly impacting employees' December paychecks. Employees will receive less net salary than usual. Employers must account for this change to avoid surprises and maintain employee motivation.