At Accounting Resources Nola, we value transparency — not only in accounting, but also in how our own processes are organized. Filing the annual report is an important milestone for every Estonian company, and we would like to share our results for the 2024 financial year.
English in Annual Reports: Practical or Pointless?
In today’s global business environment, English often serves as the default language of communication — especially in finance and international reporting. But what happens when your official documents, like annual reports, are prepared in a country where English has no legal status? This question is particularly relevant for businesses operating in countries that attract foreign investment, yet maintain local-language legal systems. Should companies invest time and resources into preparing English versions of their annual reports? Is it practical or pointless?
Annual Report in Estonia: What Is It For?
Running a business in Estonia comes with certain obligations, and one of the main ones is submitting an annual report every year. Even if your company is small, this procedure is mandatory for everyone registered in the Commercial Register. Here’s why it’s necessary and how it works in practice.
What is the Deadline for Submitting the Annual Report for 2024?
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.
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.