Bank holidays this year are from Tuesday to Thursday, December 24th-26th. Working on a bank holiday is based on an agreement between the parties and for double wages. Unlike for bank holidays the law does not require additional payment for working on the weekends. Working on days intended for the employees to rest normally creates…
Estonian President Toomas Hendrik Ilves blocked on 18th of December 2013 an amendment to the Estonian Value-added tax act – which would require all transactions greater than 1,000 euros to be declared – on the grounds that it is unconstitutional. Opponents of the amendment, including the Estonian Association of SMEs, say it threatens business secrets,…
In November, 1Office will open a new office hotel in Tallinn city centre, on the fourth floor of Foorum Centre. The new office hotel to be open contains 12 private offices of various sizes and several meeting rooms. Allocated workspaces in an open office are also available. 1Office has formerly provided office premises on the…
On 19 September 2013, Estonian Employers’ Confederation and the Estonian Trade Union Confederation agreed minimum wage increase by 35 euros both next year and the year after that. This year, minimum wage in Estonia has been 320 euros pursuant to the resolution of the government on 10 January which approved the previous such agreement entered…
Starting from 1st of January 2013, the income tax in Sweden, applied for companies, is 22%, instead of the previous 26,3%. The old tax rate still applies for the companies which financial year started before the 1st of January 2013. In 2014, the income of Swedish companies for the year 2013 will be taxed with…
From the 15th of May to 15th of September this year, Estonian banks are accepting applications for raising the payment rate for the mandatory funded pension payments for the following four years. Raising the payment rate does not concern people who were born between the years 1942-1954 and who submitted an application in the fall…
New minimum gross monthly salary in Estonia is 320 euros. Estonian government approved the new minimum with its decree yesterday 10th of January 2013. The Estonian Trade Union Confederation and The Estonian Employers’ Confederation signed on 21st of December 2012 an agreement, which stated a new minimum gross monthly salary of 320 euros in effect…
From the beginning of January there is a possibility to see and print out the company’s registry card in English. This helps to save time and money which before was spent on the translation services and notarial authentication. The Estonian Minister of Justice Kristen Michal comments that the further development of e-Business Register in order…
Starting from 01.01.2012 there have been some changes in the Commercial Code. The most significant change entered into force from 01.01.2012 is a requirement, that the person has to submit to the registrar specific data concerning one’s address and the person who is not a subject of the Estonian population register has to submit his/her…
On 26th of October opened 1Office its office in Stockholm. The goal is to provide a full solution, where customers are served with a wide range of business services, starting with their legal entity creation. External partners are mostly used for translation, recruitment, audit and legal services. The office hotel services in the Stockholm office,…