ACCOUNTING
IN ESTONIA

The specialists from Thompson & Stein law firm having in mind how valuable
is the stock each owner of the company offers as part of his
comprehensive accounting services also in Estonia.

Running an Estonian company requires, first and foremost, knowledge of the legal and tax systems as well as the applicable principles of accounting in Estonia. Although it is famous for its friendly approach to entrepreneurs and transparent tax systems, Estonia can be a challenge for entrepreneurs who have only navigated their home country’s laws. Knowing how valuable the time of every proprietor or board member is, at Thompson&Stein, we offer a comprehensive scope of services, including accounting in Estonia. Our specialists have international experience in the field of law and taxation, which means that delegating the outsourcing of accounting in Estonia to us will allow you to spend your time and money on what is most important – the development of your business.

World Map sign on glass skyscraper with mirrored sky illustratio

Accounting in Estonia
– what do you need to know?

Accounting in Estonia is based on recording all economic events that take place in a given month. Our accounting services in Estonia include full verification of the correctness of received documents, cost invoices, and sales documents. Our accounting specialists in Estonia file monthly VAT returns and, if required, VD declarations. We provide comprehensive tax settlements for the payment of dividends by members of management boards of Estonian companies or the payment of salaries of management board members and employees.

The scope of accounting services in Estonia provided by our law firm also includes the submission of Intrastat declarations if your business activity involves the movement of goods from or to Estonia. Our specialists generate reports on the results of your business activities and, as part of our accounting services in Estonia, prepare and submit annual reports.

The scope of our accounting services in Estonia:

Preparation and submission of monthly VAT returns

VD declarations

Intrastat declarations

Annual reports

Verification of correctness of documents

Personnel management (employee registration, payroll preparation)

TSD declarations (income tax and social tax)

Obtaining certificates (e.g., no tax arrears, tax residency certificates)

Support and representation of the client in contacts with the tax office in case of inspections

Obtaining tax interpretations

Registration for the OSS system and creation of tax returns

Why should you entrust accounting in Estonia
to our specialists?

Our specialists have many years of international experience in law, taxes and principles of accounting in Estonia. By entrusting us with our company’s accounting in Estonia, you can count on top quality comprehensive services and the time you saved on getting to know local regulations to develop your business.

Learn more

VASP license in Slovakia 2023

In Slovakia, Virtual Asset Service Providers (VASPs) are required to obtain a license from the Financial Authority (FA) in order to operate legally. The requirements and procedures for obtaining a VASP license in Slovakia are as follows: Requirements: * The VASP

VASP license in Poland: requirements and procedures

In Poland, Virtual Asset Service Providers (VASPs) are required to obtain a license from the financial authorities (FA) in order to operate legally. The requirements and procedures for obtaining a VASP license in Poland are as follows: Requirements: * The VASP

VASP license in Europe

In recent years, the use of virtual assets has grown exponentially, leading to the emergence of Virtual Assets Service Providers (VASPs) to facilitate their exchange and storage. To ensure the integrity and security of these services, many European countries have

Contact Person – new obligations for Companies in Estonia

The institution of Contact Person first appeared in Estonian legislation several years ago. It is a simple institution for effective contact with Companies. More and more businesses are being registered by foreigners in Estonia because of the friendly environment,

How to set up an employment agency in Estonia?

Estonia has become one of the most popular places to register employment agencies in Europe for the past several months. Why? Quick visa procedure for non-EU employees, efficient registration of temporary employment agencies, minimal legal and tax burdens for running

Establishing a company in Poland by foreigners

What accounting duties do you need to remember when running a company in Estonia?

Every registered company in Estonia is required to fulfill a number of accounting obligations by a certain date. Despite the fact that the Estonian tax system is one of the most favorable in all of Europe, it requires reliable record-keeping, timeliness and correctness

WHO ARE DIGITAL NOMADS? WHAT IS THE VISA FOR DIGITAL NOMADS IN ESTONIA?

Digital nomads is a term one encounters with increasing frequency. According to the simplest definition, it is a person who combines travel and work through the use of new technologies in the broadest sense. They can work from anywhere on the globe as long as they have