Accounting and taxation for an Estonian Company

Accounting entities are all legal entities and sole proprietors registered in Estonia and they must comply with the Accounting Act.

A member of the management board of a company is responsible for organising the accounting function of the company. This individual may handle the accounting by themselves, hire an accountant or purchase accounting services. The primary requirement is to ensure the provision of up-to-date, relevant, objective and comparable information concerning the financial position, economic performance and cash flows of the company.

Businesses must withhold and pay their required taxes and to file tax returns on a timely basis. The website of the Estonian Tax and Customs Board has forms of tax returns, tax calendar and sole proprietor’s (FIE) tax calendar available.