It is important to remember that since June 1, 2019, there is no longer an obligation to submit a TSD for all payments made; it is only required if payments have been made to individuals.
What does this mean in practice?
- If an employee is paid 500 euros in August for work done in July, and this payment is made on September 10th, then we declare and pay the tax in September.
- However, if the salary for August is accrued but not paid until September (for example, a partial advance or a delayed payment), then we declare and pay both the July salary and the August accrued salary in September through the TSD.
Summary:
- The TSD is submitted only when payments have been made to individuals (e.g., employees).
- If no payments were made or if they were only accruals without actual disbursements, then the TSD is not submitted.
- The deadline for submission is the 10th of each month, and timely submission helps avoid potential fines and provides a good assessment of your company's compliance with tax obligations.
I hope this explanation helps you understand better, and I wish everyone successful and timely submission of their TSD! If you have any further questions or need assistance, feel free to ask!
What is included in the service
Initial consultation
An initial consultation during which we will discuss the business model and its associated tax and reporting obligations, the structure of accounting, as well as the use of platforms and financial technologies.
Preparation and submission of documents
Preparation of incorporation documents, registration with the Estonian Business Register, and obtaining a registration code (registration number).
Choosing the optimal tax strategy
Selection of the optimal tax strategy and, if necessary, registering the company as a VAT payer.
Why choose us
International experience in company registration
We are well-versed in the nuances of Estonian legislation and ensure the correct preparation of documents.
A comprehensive approach
We support you at every stage – from choosing the appropriate company form to registration with the Tax and Customs Board.
Confidentiality and reliability
Protection of client data and strict compliance with legal regulations are an integral part of our work.
Leave a consultation request, and we will help you establish your company.
Every company registered in Estonia must have a legal address and a designated local contact person who represents the company's interests before government authorities. Our accounting office offers comprehensive services to ensure that your company complies with all legal requirements.
The service includes
Legal address in Estonia
We offer an address that is registered in the company's official registration documents.
Contact person in accordance with Estonian laws
We appoint a representative who will receive official correspondence from government authorities and promptly and securely forward it to you.
Notifications of important notices
You will be immediately notified of all legally significant notices and letters.
Confidentiality and Data Protection
We ensure complete confidentiality of data and compliance with all applicable requirements.
Why choose us?
Compliance with requirements
We hold the necessary license to provide this service and ensure full compliance with Estonian laws, allowing you to operate without risks or violations.
Reliability and speed
We deliver all important information in a timely manner so that you can respond quickly if necessary.
Leave us an inquiry, and we will help you meet all the requirements of local legislation.
Accounting is not just a obligation to the state, but an essential tool for the sustainable development of your business. Estonia has strict requirements for accounting and reporting, and our team ensures full compliance with the laws, relieving you from complex administrative burdens.We offer professional accounting services so that you can focus on providing your services and growing your business.
Pakume professionaalset raamatupidamisteenust, et saaksite keskenduda oma teenuste pakkumisele ja ettevõtte kasvatamisele.
The service includes
A fully paperless accounting service
Income and expense accounting, processing of primary documentation, preparation of financial reports.
Preparation and submission of tax returns
Declaration of VAT, income tax, social security contributions, and other mandatory taxes.
Payroll and personnel management
Calculation of wages, holiday pay, sick benefits, and submission of the necessary declarations to the Tax and Customs Board and the Social Insurance Board.
Investment accounting
We handle comprehensive investment accounting, including income, expenses, and taxation for platforms such as Interactive Brokers, Lightyear, Lightspeed, Kraken, Binance, etc. We assist in correctly classifying assets, mitigating tax risks, and ensuring compliance with legal requirements.
Tax consulting and tax strategy planning
Optimization of tax burden within legal frameworks, selection of appropriate strategies, and professional advice.
Financial analysis and control
Preparation for audits and conducting inspections together with the client.
Accounting services available in Estonian, Russian, and English.
Comfortable communication for international companies and entrepreneurs.
Why are we trusted?
Certified specialists
Our team includes experienced accountants, including Level 6 specialists with professional certificates.ficates.
In-depth knowledge of Estonian legislation
We constantly monitor legislative changes and are familiar with all local regulations.
Transparency and control
You always have access to up-to-date financial data to make informed business decisions.
Individual approach
Solutions tailored to your industry and business specifics.
Confidentiality and data protection
We ensure complete security and privacy of financial data.
Leave us an inquiry – we guarantee accurate accounting, compliance with standards, and tax optimization for your success.
Accounting for online stores and web-based business models requires specialized solutions: it is necessary to account for online payments, work with international clients, and handle VAT calculations across different EU countries. Our accounting firm in Estonia specializes in e-commerce accounting, helping entrepreneurs focus on sales and business expansion.
Accounting for online stores and web companies demands a unique approach: managing online payments, working with international customers, and calculating VAT in various EU countries.
The service includes
Data collection and processing from sales platforms
Data collection and integration from platforms such as Shopify, Amazon, eBay, Etsy, Magento, and custom online stores. Reconciliation of sales revenue with payments received through payment systems like Stripe, PayPal, Klarna, Payoneer, Adyen, Mollie, Revolut, Wise, SumUp, and others.
VAT calculation and declaration within the EU
VAT accounting in accordance with the OSS (One-Stop Shop) and IOSS procedures, as well as submitting declarations to the Estonian Tax and Customs Board. Analysis of the possibilities for applying special schemes for small businesses.
Multicurrency accounting
Automated transaction accounting in various currencies and recording of exchange rate differences.
Integration of e-commerce platforms
Automation and integration of accounting with platforms such as Shopify, WooCommerce, Amazon, eBay, Etsy, Magento, and others.
Financial reporting
Income and expense reports, balance sheets, and business profitability analysis.
E-commerce tax consulting
Tax optimization considering the specifics of international trade and applicable legislation.
Why choose us?
Specialization in e-commerce accounting
We are familiar with all the nuances of online sales, international clients, and VAT accounting within the EU.
Automation of accounting and integrations
We establish connections between your sales platforms and payment systems, reducing manual work and the risk of errors.
Compliance with laws and timeliness
We monitor changes in tax laws in Estonia and the EU to ensure your business always complies with current requirements.
Personalization and consideration of business specifics
We find the most suitable solutions for your e-business to reduce tax burden and improve financial control.
Leave us an inquiry – we will take care of your e-commerce finances.
Estonia is known for its transparent and user-friendly tax system, but it is important for both companies and individuals to understand all its nuances. This helps prevent mistakes, reduce tax burdens, and ensure legal compliance. Our accounting firm offers professional tax consulting to help you manage taxes effectively and make strategically sound decisions.
The service includes
Tax consulting in Estonia
– Explanation of Estonia's tax system and obligations.
– We help you choose the most suitable taxation system for your business.
Tax optimization
Development of legal strategies to reduce tax expenses without risks.
International taxation
– Consultations on double taxation avoidance.
– Tax optimization for international trade and investments.
– Clarification of tax obligations when organizing business activities in different countries.
VAT consultations within the EU
– Assistance with VAT calculation and declaration for international sales.
– Implementation of OSS (One-Stop Shop), IOSS, and the special scheme for small businesses within the EU.
Preparation and submission of tax declarations
Professional assistance in preparing and submitting tax reports for businesses.
Support during tax audits
– Preparation for tax audits.
– Representing the client during audits and resolving potential issues.
Why choose us?
In-depth knowledge of Estonian and international tax legislation
We continuously monitor legislative changes and assist clients in adapting accordingly.
Experience working with companies across various industries
We provide consulting for startups, e-commerce businesses, international companies, investors, and individuals.
Personalized tax strategies
We offer solutions tailored to your company's and financial situation.
Confidentiality and trustworthiness
We ensure complete protection of your data and adhere to high ethical standards.
Leave us an inquiry – we will help you navigate the Estonian and EU tax systems.
The termination of business operations is a multi-stage process that requires compliance with both legal and accounting requirements. Mistakes during liquidation can lead to financial and legal consequences in the future. We help you close your company quickly, correctly, and in full compliance with Estonian laws.
Closing a company is a complex process that involves following numerous legal and accounting procedures. Errors in liquidation can cause financial and legal issues down the line.
The service includes
Consultation regarding the liquidation process
– Explanation of the stages of company liquidation.
– Analysis of your situation and recommendation of the most suitable method of closure.
Preparation of legal documents
– Preparation of the liquidation application and the termination decision.
– Notification of shareholders and other stakeholders.
Publication of the application in Official Announcements.
Publication of the mandatory liquidation notice in accordance with the law.
Preparation and submission of the liquidation report.
– Preparation of interim and final balance sheets.
– Submission of tax declarations to the Tax and Customs Board.
Termination of VAT registration (if necessary).
Submission of the application for cancellation of VAT registration number.
Deletion of the company from the Business Register
Final removal of the company after completing all procedures.
Why choose us?
Experience in company liquidation.
We have helped close numerous companies properly and without issues.
Full compliance with the law.
We carry out all procedures in accordance with Estonian law, avoiding risks in the future.
Minimization of financial and legal risks
We ensure that the termination of activities is smooth and without unpleasant consequences.
Support and confidentiality
We ensure the security of your data and accompany you through every stage.
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