Accounting services in Estonia
At 1Office, our team of dedicated professionals is committed to helping you establish a robust accounting framework for your business in Estonia.
Accounting services in Estonia
At 1Office, our team of dedicated professionals is committed to helping you establish a robust accounting framework for your business in Estonia.
Natalja Nagornova
Accounting Quality Manager
“Navigating your business’s financial landscape requires expertise, precision, and a reliable partner. We are more than just an accounting service provider; we are your strategic ally, dedicated to enhancing your company’s financial success.”
Monthly accounting for your business
Everyday Accounting
Account and Cash Flow Management: We maintain meticulous daily records to provide you with relevant, objective, and comparable financial information about your company’s status and performance.
Document Handling: We check original documents, digitalize purchase invoices, and manage all financial entries including bank transactions.
Invoice Management: Create your own sales invoices or delegate this task to us, with the capability to send invoices directly from our software. The monthly service includes managing a specific volume of sales invoices and expense documents tailored to your needs.
Online Accessibility
Location-Independent Access: Utilize our accounting software in both English and Estonian, giving you the freedom to manage your finances from anywhere.
Real-Time Financial Insights: Gain immediate access to receivables, unpaid invoices, and a six-month performance history. Visual graphs make understanding your best-selling products and overall financial health straightforward.
Mobile App: Simply photograph your expense documents and forward them to us through our user-friendly mobile application.
Electronic Invoicing: Embrace the efficiency of electronic invoicing for your business transactions.
Reporting and Compliance
Tax Filings and VAT Declarations:Our accountants in Estonia handle all mandatory tax reports, including monthly VAT returns (KMD), income and social tax declarations (TSD), and intra-community supply reports (VD).
Whether your business is VAT registered in Estonia or preparing for VAT registration, we ensure your submissions are timely, accurate, and fully compliant with Estonian tax law.
Monthly Reports: Receive primary financial reports including balance sheets, income statements, and lists of accounts receivable and payable.
Consultation: Benefit from dedicated consulting hours based on your personal offer.
Request a quick quote
Tell us more about your current business activity or monthly accounting volumes
Our minimum monthly fee is 135€ per month
Additional services for your business
Annual Financial Report and declaration
Every Estonian company, regardless of activity, must submit an annual report (annual declaration) to the Estonian Business Register within six months after the financial year ends.
Our accountants prepare and submit your annual financial statements accurately and on time, ensuring your company meets all Estonian accounting and reporting requirements.
Our accountants prepare and submit your annual financial statements accurately and on time, ensuring your company meets all Estonian accounting and reporting requirements.
Payroll services
We handle everything from calculating wages, taxes, and social contributions, to ensuring timely and accurate salary payments.
VAT Registration in Estonia
Need a VAT number in Estonia? Our team manages the entire VAT registration process with the Estonian Tax and Customs Board on your behalf. We’ll assess whether your business needs to register for VAT, prepare all necessary documents, and submit the application electronically.
Once registered, we can also handle your monthly VAT declarations to keep your accounting fully compliant.
Once registered, we can also handle your monthly VAT declarations to keep your accounting fully compliant.
VAT registration or declarations in Estonia made easy.
Our accountants handle VAT registration, monthly VAT returns, and compliance with the Estonian Tax and Customs Board.
Contact us to ensure your business stays fully compliant.
FREQUENTLY ASKED QUESTIONS
We’ll gladly answer your questions
Do I need a local accountant in Estonia to run my business?
No. You do not need a local in-house accountant in Estonia. Accounting can be handled fully remotely, provided it complies with Estonian accounting and tax regulations. 1Office provides full-service accounting for Estonian companies, including e-resident-owned businesses.
Is accounting mandatory for Estonian companies?
Yes. All Estonian companies must maintain proper accounting records and submit an annual report, even if the company had no activity, employees, or revenue during the year.
What is included in monthly accounting services in Estonia?
Monthly accounting typically includes accounting, tax declarations (such as TSD, KMD, and VD where applicable), balance sheets, income statements, and professional support related to Estonian accounting and tax compliance
Do I need to submit an annual report if my Estonian company had no activity?
Yes, all Estonian companies must submit an annual report to the Business Register, even if the company was dormant and had no transactions during the financial year.
When does a company need to register for VAT in Estonia?
You must register for VAT if your company’s taxable turnover in Estonia exceeds €40,000 within a calendar year. Foreign companies providing taxable goods or services in Estonia may also need to register earlier, depending on their business activities.
What are the deadlines for submitting VAT declarations in Estonia?
VAT declarations (KMD) must be submitted by the 20th day of the month following the taxable period. If you trade within the EU, an intra-community supply report (VD) must also be filed monthly by the same date.
Can 1Office help me deregister from VAT?
Yes. If your business no longer meets VAT registration criteria or is closing, we’ll assist with VAT deregistration and final reporting.
Can accounting for an Estonian company be managed fully remotely?
Yes. Estonia is designed for digital business management. Accounting, reporting, tax filings, and communication with authorities can be handled entirely online with the right accounting partner.
Do e-resident-owned companies have different accounting rules?
No. Companies owned by e-residents follow the same Estonian accounting and tax rules as any other Estonian company, including bookkeeping, VAT reporting (if registered), and annual reporting.
What accounting standards apply in Estonia?
Estonian companies must follow Estonian GAAP, which is closely aligned with IFRS. Accounting records must be maintained accurately and can be kept in Estonian or English
Is payroll accounting required if I pay myself as a director?
Yes. If a director receives salary or remuneration, payroll accounting is required, including monthly tax reporting and social tax declarations.
How much do accounting services cost in Estonia?
Accounting fees depend on factors such as transaction volume, VAT registration, payroll requirements, and business complexity. Pricing is usually monthly and scalable based on the company’s needs.
Get in touch
Email, call or complete the form to request more information about 1Office Estonia services and how we can help you expand or maintain a high level of quality in accounting and compliance for your business in Estonia.
Email us
We are happy to respond to your requests
Call us
Happy to take your call during office hours
Visit us
Narva mnt 5, 10117, Tallinn, Estonia
Mon-Fri 9.00-17.00, local time