Accounting services for an Estonian company


Monthly basis accounting


If your company has VAT ID then company tax returns must be lodged on monthly basis. It applies even if no transactions are done.

Each month on the 10th the company must declare and pay taxes related to income and social security taxes (based on previous month payments).

Each month on the 20th the company must declare and pay VAT returns (based on previous month VAT related transactions).

If the company has had business transactions with other EU companies (with VAT ID) then corresponding VIES declarations and Intrastat declarations must be submitted as well.

Yearly basis accounting


If your company has no VAT ID and it does not pay taxable costs (salaries, dividends, fringe benefit costs etc) there is no direct need for accounting more than once per year.

It means that after the end of the company's fiscal year it must submit an annual report to Estonian Tax and Customs Board within 6 months after the end of the fiscal year.

However, in case your company has many business transactions it might be reasonable to take care of the company's accounting several times per year.


 

Use of the online accounting system

In case you are issuing more than just a few sales invoices per year we suggest using online accounting services. This saves your time and helps you organize accounting documents and data.