{"id":29585,"date":"2022-08-17T10:52:46","date_gmt":"2022-08-17T08:52:46","guid":{"rendered":"https:\/\/www.thompsonstein.com\/?p=29585"},"modified":"2026-01-29T14:50:30","modified_gmt":"2026-01-29T13:50:30","slug":"vd-and-tsd-declarations-what-are-they-and-what-do-you-need-to-know-about-them-2","status":"publish","type":"post","link":"https:\/\/www.thompsonstein.com\/en\/vd-and-tsd-declarations-what-are-they-and-what-do-you-need-to-know-about-them-2\/","title":{"rendered":"VD and TSD declarations: what are they and what do you need to know about them?"},"content":{"rendered":"<p><strong>Under the current tax system in Estonia, companies are obliged to fulfill specific reporting obligations arising from their operations. One of these is the monthly VD and TSD declarations submitted to the tax authority.<\/strong><\/p>\n<h2><strong>What is a VD declaration?<\/strong><\/h2>\n<p>It is the duty of <a href=\"https:\/\/www.thompsonstein.com\/en\/a-company-overseas\/company-in-estonia\/\">a company in Estonia<\/a> whose annual sales revenue is greater than the equivalent of \u20ac40,000 to register for VAT. A company that is registered for VAT is required to settle VAT on a monthly basis and keep records of purchases and sales.<\/p>\n<p>A taxpayer who has made an intra-Community supply of goods or services or a transfer of goods for resale in a triangular transaction is required to file an intra-Community supply report. The report declaring the above-mentioned operations shall be delivered to the tax authority in the form of VD &#8211; Report on Intra-community supply. The obligation to file the declaration occurs by the twentieth day of the month, following the month to which the return relates.<\/p>\n<p>The VD return does not contain information on transactions involving the sale of services to third-country entities, intra-community acquisition, domestic supply or import\/export of goods.<\/p>\n<p>If the taxpayer was not a party to any of the above-mentioned transactions, there is no obligation to file a nil return.<\/p>\n<p>If it is necessary to correct the declaration for intra-Community supply of goods, it should be done through the VDP form.<\/p>\n<p>The current status of the filed VD report, can be read after logging into the tax portal, in the form of VDA.<\/p>\n<h2><strong>What is the TSD declaration?<\/strong><\/h2>\n<p>The TSD declaration is used to report transactions that result in income tax.<\/p>\n<p>When a company decides to pay dividends, as well as in the case of payment of a board member&#8217;s salary, it is obligatory to declare the amount of the payment in the TSD form. The TSD declaration allows estimating the tax due. It is filed electronically by the 10th of the month following the month in which the payment was made. The tax due should also be remitted to the tax office by the same date.<\/p>\n<p>If a <a href=\"https:\/\/www.thompsonstein.com\/en\/a-company-overseas\/company-in-estonia\/\">company in Estonia<\/a> employs employees on an employment contract, the wages paid are also declared through the TSD declaration.<\/p>\n<p>The TSD form is also used to show and then tax expenses incurred that are not related to business operations.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Under the current tax system in Estonia, companies are obliged to fulfill specific reporting obligations arising from their operations. One of these is the monthly VD and TSD declarations submitted [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":29578,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[668],"tags":[],"class_list":["post-29585","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-estonia-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>VD and TSD declarations: what are they and why do they matter? - Thompson&amp;Stein<\/title>\n<meta name=\"description\" content=\"Learn about VD and TSD declarations, their importance, and what you need to know about these tax filings. 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