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.
A Full Guide to Preparing Primary Documents for Novice Entrepreneurs
What is a primary document? Primary documents are the foundation of any accounting system. They serve as a record of each economic transaction and include documents such as contracts, invoices, bills of lading, certificates of completed works, and others. These documents confirm the fact of transactions and serve as the basis for all subsequent accounting entries and reports.
What documents does your accountant need from you each month for work and why?
In order for you, as the owner, to have a complete picture of what is really going on in your company, you need accounting. This is its main and basic task.
What does an Amazon seller need to know about selling to the EU?
If you are selling your goods on Amazon EU or just planning to do that and using their Fulfillment by Amazon (FBA) warehouse, you need to consider the following points. NB! This article is about trading on behalf of an Estonian legal person.
Taxation of services
In this article we will look at what types of services there are, who can be served and how to understand what VAT rate to choose when creating an invoice for your client in Nola Accounting. What kinds of services are there?