Bad debt relief for VAT

Estonian Parliament adopted changes to the VAT Act on 10 February 2021, which inter alia prescribe that under certain conditions taxable persons can adjust from 1 January 2022 their output …

Digital services to UK consumers (B2C)

Due to the end of transition period of Brexit, from Q1 of year 2021 the Estonian company cannot declare on its MOSS return digital services rendered to UK B2C consumers …

UK VAT refund to Estonian companies

From 2021, if the Estonian company purchases goods or services from the UK VAT person, to which has been added UK VAT, then the Estonian company cannot generally apply for …

Impact of COVID-19 on financial reporting

The effects of the COVID-19 spring wave are mostly already visible in the financial statements, but it is still important to carefully consider some important issues when preparing the annual …

Second Pillar Pension Payments

The state suspended the payments made from social tax to the second pension pillar (4%) from 1 July 2020 until 31 August 2021. With the exception of people born between …