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 who have access to personal data of their clients. All companies should make sure they are GDPR compliant and we in 1Office have been working…
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 blog post for E-Residency blog. The original article can be found here. Estonia has a transparent business environment that provides trust to legitimate entrepreneurs.…
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 companies Starting next year companies will have tax rates of 20% and 14% for taxable distributable profit and non-taxable profit. Read more here. For company…
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 work for accountants. In this article, we bring out the most important changes. In quite many changes Latvia actually follows the lead of its neighbor…
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).
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.
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?
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.
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.
6th April marks the start of the new tax year 2017-18 in UK. Below are the main changes you should be aware of.