In order to provide the highest quality of our services, we are constantly aiming to strengthen our position in the accounting area. Thus, we are glad to inform you about us joining the Association of Estonian Accountants (AEA). By participating in the organization, we have the opportunity to engage in an active discussion on the changes in Estonian tax law, as well as express our opinion. Moreover, by participating in the AEA we will be able to take part in discussions with the Ministry of Finance on the continuous development of accounting area.

The AEA was founded in 1996. The organization unites more than 650 members, which include both natural and legal persons. The aim of the association is to educate and qualify accountants. Moreover, it actively engages in a dialogue with the government on the development of accounting.

The Estonian CIT structure, which is collected only at the time of distribution of profits, also required the implementation of mechanisms that counteract hidden dividend payments. Seemingly, it is easy to classify expenses that are necessary to ensure business continuity and work efficiency. However, very often entrepreneurs are not aware at the time of the transaction that they thereby generate a taxable purchase. We decided to facilitate this by preparing a list broken down into those expenses that do not require the payment of taxes and those on which you must pay corporate income tax. We want to stress that our list presented below is general, and expenditure should always be assessed on a case-by-case basis, taking into account the company’s activities.
Untaxed expenditures incurred by the OÜ company in Estonia