UK tax system going through a change: Making Tax Digital for VAT
The UK government and HMRC have the ambition to become one of the most digitally advanced tax administrations in the world. As of today, every individual and business in UK…
The GDPR influence for Finnish companies: sending out salary slips
As you probably know already, the new EU Data Protection Act, widely known as GDPR is enforced on 25th of May. In one way or another it concerns all businesses…
Here’s why tax evaders are disappointed in Estonian e-Residency
Dmitri Jegorov, the Undersecretary for Tax and Customs Policy at the Estonian Ministry of Finance and member of the High-Level Working Party on Taxes at the EU Council, wrote a…
Changes in Estonian tax system from 2018
In 2018 several changes come into force in Estonian tax system and almost every company and person will be influenced by the changes to some extent. Changes for…
Changes in Latvian taxes from 2018
In 2018 several changes take place in Latvian tax system. Like anything new, the changes in the system will take time to get used to and will initially create more…
Calculating holiday pay in UK
Most workers who work a 5-day week must receive 28 days paid annual leave per year (5 days x 5.6 weeks = 28 days).
Does my UK company need an Employer Reference Number?
You do not have to apply for an Employer Reference Number (EPN), but it is given to every business that registers with HM Revenue and Customs as an employer.
14% income tax rate to be implemented on corporate income tax starting 2018
Until now, the Estonian tax system has been quite simple. Starting 2018, things will, however, get a bit more complicated, since under certain conditions a lower tax rate is also to be used. This article will shed a bit of light on the details surrounding the corporate income tax – who pays what?
Important changes in Income Tax Act
On July 1st more than 250 acts came into force or were changed in Estonia. Some of those are also important for entrepreneurs and in the following article we outline the most important points related to changing of the Income Tax Act and other related Acts.
How to avoid unnecessary taxation of your Estonian company?
We are in the high season of preparing and filing annual reports of limited companies in Estonia. Correctly prepared and approved annual report is the legal base for distribution of dividends to the owners.