Regardless of the field in which your company operates, you generally need to know what the taxation of costs is, i.e. what the state requires you to pay. You could also find out what the state benefits are so that you will not pay more taxes out of ignorance than you actually should. We are talking about the taxation of costs, i.e. the logic of corporate income tax in Estonia and elsewhere, tax-free and taxable costs, fringe benefits and non-business costs.
Regardless of the area in which your company operates, you generally need to know what the state is charging you for. You might also want to know what the benefits are provided by the state so that you do not pay more for ignorance than you really should. We are talking about the taxation of expenses, i.e. the logic of corporate income tax in Estonia and elsewhere, tax-exempt and non-taxable expenses, fringe benefits and non-business expenses.
E-commerce is a fast-growing industry both in our country and elsewhere, but taxes on e-commerce are a relatively complex subject that few people are familiar with. In order to keep e-commerce accounting accurate, you need to know how to calculate taxes and in which countries you pay taxes. This, in turn, depends on what your product is, how your product moves and who are the buyers.
VAT is an indirect tax on consumption that is levied on the turnover of goods and services. In Estonia, a company is required to register for VAT if its sales turnover exceeds € 40,000 per calendar year. In addition to our legislation, Estonian companies selling goods to other EU countries must also comply with local limits and laws. In this article, we talk about how VAT works, who needs to register for VAT, and when VAT can be claimed back from the state.