Author: DMITRI SCHMIDT

What Are Common Services from a Taxation Perspective? Common services, from the perspective of Estonian legislation, are services that are subject to value-added tax (VAT) in accordance with the so-called general rule.

Taxation of intangible services is an important aspect that requires the attention of entrepreneurs and accountants in Estonia. In this article, we will review the main principles and VAT rates applicable to the provision of intangible services both within the country and abroad.

Conducting business in Estonia opens numerous opportunities for company owners to finance their companies. One such opportunity is issuing a loan to their own company. However, it is essential to remember that the loan process is regulated by law and has its own specificities. In this article, we will explore how an owner can issue a loan to their company and why the reverse process – receiving a loan from their company – is impossible under Estonian law.

Complying with tax legislation is not only a duty but also an essential element of any business's reputation. In Estonia, the Tax and Customs Board (MTA) oversees adherence to tax laws, with the aim of minimizing losses of state revenue, ensuring equal conditions for competition, and protecting society from tax fraud.

🚀 New Opportunities for Your Business in Europe! 🌍 We are excited to announce a new collaboration between leading experts in accounting, legal, and IT consulting. Dmitri Schmidt and Irina Kablukova from AccRes Nola OÜ, together with Abhishek Mathur from Bon Accord OÜ have joined forces to offer a comprehensive new service – Turnkey Company Registration in Estonia.