{"id":5588,"date":"2020-01-15T09:01:53","date_gmt":"2020-01-15T09:01:53","guid":{"rendered":"http:\/\/virtualofficeinestonia.com\/?post_type=product&#038;p=5588"},"modified":"2025-12-28T14:39:41","modified_gmt":"2025-12-28T12:39:41","slug":"bookkeeping","status":"publish","type":"product","link":"https:\/\/virtualofficeinestonia.com\/et\/product\/bookkeeping\/","title":{"rendered":"Expanded accounting"},"content":{"rendered":"<h3><span style=\"color: #ff6600;\"><strong>Product Includes:<\/strong><\/span><\/h3>\n<ul>\n<li>Access to<span style=\"color: #ff6600;\"><strong> <a style=\"color: #ff6600;\" href=\"https:\/\/www.simplbooks.ee\/en\/\" target=\"_blank\" rel=\"noopener\">e-accounting software<\/a><\/strong><\/span><\/li>\n<li>Up to 100 transactions and entries per month<\/li>\n<li>Monthly submission of tax declarations (for turnover and workforce)<\/li>\n<li>Payroll processing for 1\u20137 employees<\/li>\n<\/ul>\n<h2><span style=\"color: #0693e3;\">The Price is 129 EUR per month<\/span><\/h2>\n<ul>\n<li>The billing period is 12 months, payable monthly.<\/li>\n<\/ul>\n<h3><span style=\"color: #ff6600;\">Added documents:<\/span><\/h3>\n<ul>\n<li>How to authorize an account in the business registry.<\/li>\n<li>How to grant rights in the Tax and Customs Board.<\/li>\n<\/ul>\n<h3><span style=\"color: #ff6600;\">Identification requirements:<\/span><\/h3>\n<p><span style=\"box-sizing: border-box; margin: 0px; padding: 0px;\">One of the following is required: <a href=\"https:\/\/eresident.politsei.ee\/\" target=\"_blank\" rel=\"noopener\">Estonian e-resident card<\/a>,\u00a0<a href=\"https:\/\/www.id.ee\/en\/id-card\" target=\"_blank\" rel=\"noopener\">Estonian ID Card<\/a>,\u00a0<a href=\"https:\/\/www.id.ee\/en\/mobile-id\" target=\"_blank\" rel=\"noopener\">Mobile ID<\/a>, or\u00a0<a href=\"https:\/\/www.smart-id.com\/\" target=\"_blank\" rel=\"noopener\">Smart ID<\/a>.<\/span><\/p>\n<p><strong>Alternative solution<\/strong><\/p>\n<p>We can utilize a Power of Attorney if these options are unavailable. To do this, you must send us an\u00a0<strong>apostilled power of attorney<\/strong>\u00a0issued by a notary in your local country.\u00a0<a href=\"https:\/\/virtualofficeinestonia.com\/et\/toode\/sworn-translation\/\" rel=\"noopener\">A sworn translator will translate it in Estonia to comply with local legislation.<\/a><\/p>\n<h3><span style=\"color: #0693e3;\"><strong>NB!<\/strong><\/span><\/h3>\n<p>Preparation of the annual report is included at no additional cost.<\/p>\n<hr \/>\n<h3><span style=\"color: #ffcc00;\">FAQ<\/span><\/h3>\n<div tabindex=\"0\">\n<style>div.ewd-ufaq-faq-title h5 { font-size: 12 !important; }div.ewd-ufaq-faq-post p { font-size: 12 !important; }div.ewd-ufaq-faq-categories, div.ewd-ufaq-faq-tags { font-size: 12 !important; }<\/style><div  class=\"ewd-ufaq-faq-list ewd-ufaq-page-type-load_more ewd-ufaq-category-tabs-\" id='ewd-ufaq-faq-list'>\n\n\t<input type='hidden' name='show_on_load' value='' id='ewd-ufaq-show-on-load' \/>\n<input type='hidden' name='include_category' value='accounting' id='ewd-ufaq-include-category' \/>\n<input type='hidden' name='exclude_category' value='' id='ewd-ufaq-exclude-category' \/>\n<input type='hidden' name='orderby' value='title' id='ewd-ufaq-orderby' \/>\n<input type='hidden' name='order' value='desc' id='ewd-ufaq-order' \/>\n<input type='hidden' name='post_count' value='-1' id='ewd-ufaq-post-count' \/>\n<input type='hidden' name='current_url' value='\/et\/wp-json\/wp\/v2\/product\/5588' id='ewd-ufaq-current-url' \/>\n\t\n\t\n\t<div class='ewd-ufaq-faqs'>\n\n\t\t<div id='ewd-ufaq-faq-category-accounting' class='ewd-ufaq-faq-category'>\n\t\n\t<div class='ewd-ufaq-faq-category-title'  >\n\t\t\n\t\t<h4 title=\"Click here to open Accounting\">\n\t\t\tAccounting\t\t\t <span>(6)<\/span>\t\t<\/h4>\n\n\t\t\t\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-faq-category-inner' >\n<div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-5933-XkA3HMk1uc' data-post_id='5933'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tWho is responsible for accurate accounting data?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<div class=\"tlid-input input\">\n<div class=\"source-wrap\">\n<div class=\"input-full-height-wrapper tlid-input-full-height-wrapper\">\n<div class=\"source-input\">\n<div class=\"source-footer-wrap source-or-target-footer\">\n<h4 class=\"character-count tlid-character-count\"><span style=\"color: #ff6600\"><span style=\"font-size: revert;background-color: var(--wp--preset--color--background);font-family: var(--wp--preset--font-family--poppins)\">Sound bookkeeping is a <\/span>shared responsibility<span style=\"font-size: revert;background-color: var(--wp--preset--color--background);font-family: var(--wp--preset--font-family--poppins)\">.<\/span><\/span><\/h4>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"tlid-results-container results-container\">\n<div class=\"tlid-result result-dict-wrapper\">\n<div class=\"result tlid-copy-target\">\n<div class=\"result-header\">\n<div class=\"starbutton jfk-button-flat jfk-button unstarred\" role=\"button\" aria-label=\"Star translation\" data-tooltip=\"Star translation\" data-tooltip-align=\"t,c\">\n<div class=\"jfk-button-img\">\n<p><strong>The management board is always responsible for providing complete and correct source documents<\/strong>; the accountant is responsible for processing those documents in accordance with Estonian GAAP and tax law.<\/p>\n<div>\n<hr \/>\n<\/div>\n<h4><span style=\"color: #ff6600\">Can we catch up on previous periods?<\/span><\/h4>\n<p>Yes. We routinely perform <strong>\u201ccatch\u2011up accounting\u201d<\/strong> (tagantj\u00e4rele raamatupidamine) for businesses that have fallen behind on bookkeeping or need to reconstruct ledgers before an audit, sale, or liquidation.<\/p>\n<p><strong>Typical scope<\/strong><\/p>\n<ol start=\"1\" data-spread=\"false\">\n<li><strong>Document collection &amp; gap list<\/strong> \u2013 we map missing invoices, expense receipts, bank statements.<\/li>\n<li><strong>Data entry &amp; reconciliation<\/strong> \u2013 post all transactions, reconcile banks, payables, receivables, inventory.<\/li>\n<li><strong>Tax corrections<\/strong> \u2013 prepare or amend VAT, payroll and TSD returns if needed.<\/li>\n<li><strong>Financial statements<\/strong> \u2013 produce compliant balance sheet &amp; income statement for each outstanding year.<\/li>\n<\/ol>\n<hr \/>\n<h4><span style=\"color: #ff6600\">How to start?<\/span><\/h4>\n<ol start=\"1\" data-spread=\"false\">\n<li><strong>Contact us<\/strong> with a brief description of the backlog (years &amp; estimated transactions).<\/li>\n<li>We send a <strong>document checklist<\/strong> and NDA.<\/li>\n<li>Once we receive your materials we issue a detailed quote.<\/li>\n<\/ol>\n<\/div>\n<\/div>\n<\/div>\n<blockquote>\n<div><strong>Need assistance?<\/strong> Contact us for a fixed\u2011fee quote.<\/div>\n<\/blockquote>\n<div><\/div>\n<div class=\"result-header\">\n<div class=\"starbutton jfk-button-flat jfk-button unstarred\" role=\"button\" aria-label=\"Star translation\" data-tooltip=\"Star translation\" data-tooltip-align=\"t,c\">\n<div class=\"jfk-button-img\">\n<hr \/>\n<p><em>This information is general in nature and does not constitute legal advice.<\/em><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/accounting\/\">Accounting<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/annual-report\/\">Annual report<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tSildid:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/accounting-records\/\">Accounting records<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/estonia\/\">Estonia<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='5933'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>4<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='5933'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=Who+is+responsible+for+accurate+accounting+data%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fwhat-are-annual-report-deadlines-in-estonia%2Fsingle-faq%2Fwho-is-responsible-for-providing-false-information%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewbox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/single-faq\/who-is-responsible-for-providing-false-information\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-6227-yzMZuACQeC' data-post_id='6227'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tWhat to do with negative share capital (net assets)?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t\n<p class=\"has-primary-color has-text-color has-link-color has-medium-font-size wp-elements-b8023f40974ff502eb15a27a0e05b11a\"><strong>Negative share capital must be resolved as soon as possible.<\/strong><\/p>\n\n\n\n<p>Below is a practical roadmap that <span style=\"margin: 0px;padding: 0px\">aligns with the requirements of the\u00a0<strong>Commercial Code<\/strong>\u00a0(\u00c4riseadustik) and common market solutions<\/span>.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color has-medium-font-size wp-elements-ff07a9080f75f5f102a242e1a2556a52\">1. When is equity \u201ctoo low\u201d?<\/h2>\n\n\n\n<p>Under <strong>Commercial Code \u00a7 176(2),<\/strong> the company\u2019s <strong>net assets must be at least<\/strong>:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>50\u202f% of registered share capital<\/strong>, ja<\/li>\n\n\n\n<li><strong>not less than the minimum share\u2011capital requirement<\/strong> (currently\u202f<strong>\u20ac\u202f2\u202f500<\/strong> for O\u00dcs).<\/li>\n<\/ul>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Example:<\/strong><br>An O\u00dc with a registered capital of \u20ac2\u202f500 must keep equity \u2265 \u20ac2\u202f500 (100\u202f%).<\/p>\n<\/blockquote>\n\n\n\n<p>If the balance sheet shows that equity is below either limit (often expressed as <em>negative share capital<\/em>), the board must<span style=\"margin: 0px;padding: 0px\">\u00a0convene a shareholders&#8217; meeting\u00a0<strong>within three months after approval of the annual report<\/strong><\/span> to decide on remedies.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color has-medium-font-size wp-elements-e5f0a3534d62cf96f8376186dde0d49d\">2. Practical ways to restore equity<\/h2>\n\n\n\n<ol start=\"1\" class=\"wp-block-list\">\n<li><strong>Issue new shares\/owner cash injection<\/strong> \u2013 quickest textbook fix.<\/li>\n\n\n\n<li><strong>Convert shareholder loans into equity<\/strong> (set\u2011off contribution).<\/li>\n\n\n\n<li><strong>Revalue (upwards) real estate or IP<\/strong> \u2013 allowed if a fair\u2011value report substantiates it.<\/li>\n\n\n\n<li><strong>Cut costs &amp; improve margins<\/strong> \u2013 demonstrate turnaround in the next financial year.<\/li>\n\n\n\n<li><strong>Sell non\u2011core assets<\/strong> \u2013 realise gains, book profit.<\/li>\n\n\n\n<li><span style=\"margin: 0px;padding: 0px\"><strong>Reduce share capital to a minimum (\u20ac2\u202f500)<\/strong>\u00a0and cover the rest via profit or later capital increase.<\/span><\/li>\n<\/ol>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><strong>Tip:<\/strong> Make sure any capital manoeuvre is properly <strong>documented<\/strong>, entered in the <strong>accounting ledgers<\/strong> and registered in <strong>e-Business Register<\/strong>.<\/p>\n<\/blockquote>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h2 class=\"wp-block-heading has-vivid-cyan-blue-color has-text-color has-link-color has-medium-font-size wp-elements-606cad65516378754d228c3e66fc25a0\">3. Exit scenarios<\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Sell the company<\/strong> \u2013 shares can be transferred to a buyer who is willing to recapitalise. Ensure the SPA allocates responsibility for past debts.<\/li>\n\n\n\n<li><strong>Liquidate<\/strong> \u2013 a clean way to close down if there is no buyer or business rationale. Requires publishing a creditor notice and preparing a final balance sheet.<\/li>\n\n\n\n<li><strong>Turnkey liquidation service<\/strong> \u2013 we can handle filings, creditor notices, accounting &amp; tax clearance (fees start around \u20ac300\u2013\u20ac1\u202f000).<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<h3 class=\"wp-block-heading has-medium-font-size\">4. When will the share capital be returned?<\/h3>\n\n\n\n<p>Only the <strong>paid-in share capital<\/strong> <span style=\"margin: 0px;padding: 0px\">may be returned to the owner, and this may occur\u00a0<strong>no earlier than 4 months<\/strong>\u00a0after the liquidation process begins<\/span>. The return can include both the registered share capital and any remaining funds in the company\u2019s bank account, provided all legal obligations have been fulfilled.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide-thin-line\" \/>\n\n\n\n<p class=\"has-vivid-cyan-blue-color has-text-color has-link-color wp-elements-444728ffa24861bbe90817e21b0cd5d1\"><strong>NB!<\/strong><\/p>\n\n\n\n<p>In Estonia, for a Private Limited Company (O\u00dc), the \u20ac2,500 minimum share capital requirement was abolished in February 2023, meaning the share capital can be as low as \u20ac0.01; however, founders become personally liable for the difference if assets fall short of \u20ac2,500 in bankruptcy. For a Public Limited Company (AS), the minimum remains \u20ac25,000.<br><\/p>\n\n\n<\/p><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/accounting\/\">Accounting<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/company-liquitation\/\">Company liquitation<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tSildid:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/accounting\/\">Accounting<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/commercial-code\/\">Commercial Code<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/estonia\/\">Estonia<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/share-capital\/\">Share Capital<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='6227'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>4<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='6227'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=What+to+do+with+negative+share+capital+%28net+assets%29%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fwhat-are-annual-report-deadlines-in-estonia%2Fsingle-faq%2Fwhat-to-do-with-negative-share-capital%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewbox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/single-faq\/what-to-do-with-negative-share-capital\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-6361-KjkuQVD3Nb' data-post_id='6361'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tWhat data must an invoice contain?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4 data-start=\"0\" data-end=\"711\"><span style=\"color: #ff6600\">An invoice is a primary accounting document. <\/span><\/h4>\n<p data-start=\"0\" data-end=\"711\"><strong>The document must clearly identify the parties, the date, and the economic substance of the transaction<\/strong>, otherwis,e it is not accepted as a valid source document. E-invoices are fully acceptable as long as integrity and authenticity are guaranteed. Adding extras such as the payment reference or due-date is not compulsory, but it helps cash-flow management. <strong>Only a VAT-registered business may add VAT to its invoice.<\/strong><\/p>\n<ul data-start=\"713\" data-end=\"1023\">\n<li data-start=\"713\" data-end=\"752\">\n<p data-start=\"715\" data-end=\"752\">Document title (e.g. <strong data-start=\"736\" data-end=\"749\">\u201cInvoice\u201d<\/strong>)<\/p>\n<\/li>\n<li data-start=\"753\" data-end=\"796\">\n<p data-start=\"755\" data-end=\"796\">Unique invoice number and date of issue<\/p>\n<\/li>\n<li data-start=\"797\" data-end=\"867\">\n<p data-start=\"799\" data-end=\"867\">Seller\u2019s and buyer\u2019s name, address, registry code, VAT ID (if any)<\/p>\n<\/li>\n<li data-start=\"868\" data-end=\"955\">\n<p data-start=\"870\" data-end=\"955\">Description of goods\/services, quantity, unit price, VAT rate, net and gross amount<\/p>\n<\/li>\n<li data-start=\"956\" data-end=\"1023\">\n<p data-start=\"958\" data-end=\"1023\">Date of delivery\/performance if different from the invoice date<\/p>\n<\/li>\n<\/ul>\n<div><hr \/><\/div>\n<h4><span style=\"color: #ff6600\">2. Language of source documents<\/span><\/h4>\n<ul data-spread=\"false\">\n<li>\n<p>Invoices may be issued <strong>in Estonian or English<\/strong>.<\/p>\n<\/li>\n<li>\n<p>Documents in any other language must be accompanied by a <strong>sworn translation<\/strong> into Estonian or English to be accepted by auditors or the Tax and Customs Board (MTA).<\/p>\n<\/li>\n<\/ul>\n<div><hr \/><\/div>\n<h4><span style=\"color: #ff6600\">3. Proving the business purpose<\/span><\/h4>\n<p>Under both the <strong>Accounting Act<\/strong> and the <strong>Income Tax Act<\/strong>, an expense is deductible only if it is <strong>business\u2011related<\/strong> and <strong>substantiated<\/strong>.<br \/>If the invoice alone does not make the business purpose evident (e.g. taxi, parking, travel tickets), add explanatory information such as:<\/p>\n<ul data-spread=\"false\">\n<li>\n<p>project or client name;<\/p>\n<\/li>\n<li>\n<p>employee name &amp; business trip dates;<\/p>\n<\/li>\n<li>\n<p>licence plate number of the company car, etc.<\/p>\n<\/li>\n<\/ul>\n<p>Lacking or incomplete documentation may lead to the expense being treated as a <strong>non\u2011business cost<\/strong>, subject to fringe\u2011benefit or dividend tax.<\/p>\n<div><hr \/><\/div>\n<p><em>This guide is for general information only and does not constitute legal advice. For complex situations consult a professional accountant or tax adviser.<\/em><\/p>\n<p data-pm-slice=\"1 1 []\">\u00a0<\/p>\n\n\n<p><\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/accounting\/\">Accounting<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/annual-report\/\">Annual report<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tSildid:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/accounting\/\">Accounting<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/accounting-raw-data\/\">Accounting raw data<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/estonia\/\">Estonia<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='6361'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>4<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='6361'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=What+data+must+an+invoice+contain%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fwhat-are-annual-report-deadlines-in-estonia%2Fsingle-faq%2Fwhat-data-must-an-invoice-contain%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewbox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/single-faq\/what-data-must-an-invoice-contain\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-6572-hhcKOcWz2E' data-post_id='6572'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tHow to give representation rights in the Estonian Tax and Customs Board?\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4><span style=\"color: #ff6600\">An authorisation sets the limits for a representative\u2019s actions.<\/span><\/h4>\n<p>An <strong data-start=\"3\" data-end=\"20\">authorisation<\/strong> is a defined set of rights that determines the scope within which a <strong data-start=\"89\" data-end=\"107\">representative<\/strong> may legally act on behalf of the <strong data-start=\"141\" data-end=\"154\">principal<\/strong>. It outlines what actions the representative is permitted to take and under what conditions, ensuring legal clarity and accountability for both parties.<\/p>\n<p>It is essential for the Estonian Tax and Customs Board that the content of authorization would be understandable and the person granting the authorization and the authorized person would be identifiable.<\/p>\n<p>The main and also the most convenient and practical way to transfer the right of representation is to do it through a suitable digital identification channel. These are Mobile ID, Estonian ID, e-resident ID, and Smart ID. European Union country ID cards are also suitable. It is important to have the right to log in to the systems of the Estonian state.<\/p>\n<p>If necessary, other less convenient and more expensive methods can also be used: power of attorney, lawyer&#8217;s client agreement, etc.<\/p>\n<p><strong>Additional info:<\/strong><\/p>\n<p><iframe loading=\"lazy\" title=\"Estonian Tax and Customs Board access permissions\" width=\"500\" height=\"281\" src=\"https:\/\/www.youtube.com\/embed\/uKJ3zgS5oTc?start=4&#038;feature=oembed\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/accounting\/\">Accounting<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/eori-number\/\">EORI number<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/vat-number\/\">VAT number<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tSildid:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/estonia\/\">Estonia<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/power-of-attorney\/\">Power of Attorney<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/tax-and-customs-board\/\">Tax and Customs Board<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='6572'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>1<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='6572'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=How+to+give+representation+rights+in+the+Estonian+Tax+and+Customs+Board%3F+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fwhat-are-annual-report-deadlines-in-estonia%2Fsingle-faq%2Frequirements-for-authorisation-in-the-estonian-tax-and-customs-board%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewbox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/single-faq\/requirements-for-authorisation-in-the-estonian-tax-and-customs-board\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-5651-OptDQjpj5F' data-post_id='5651'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tHow to authorise your accountant in the Estonian e\u2011services\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t\n<p class=\"has-primary-color has-text-color has-link-color has-medium-font-size wp-elements-d0438fc5b6b39b68f823ea33e0b579af\"><strong>Accountant needs two separate sets of e\u2011service rights to act on behalf of your company:<\/strong><\/p>\n\n\n<ol>\n<li><strong>Tax declarations &amp; VAT, excise, customs, payroll<\/strong> \u2013 granted in the <strong>Estonian Tax and Customs Board<\/strong> (MTA) self\u2011service.<\/li>\n<li>\n<p><strong>Preparation and submission of the annual report<\/strong> \u2013 granted in the <strong>Business Register<\/strong> (Rik.ee) environment.<\/p>\n<\/li>\n<\/ol>\n<p>Below you will find step\u2011by\u2011step instructions for both systems.<br \/><em>(If you prefer a video, see the MTA walkthrough at the end of this article.)<\/em><\/p>\n<div><hr \/><\/div>\n<h4><span style=\"color: #ff6600\">1. Give an accountant access in the MTA self\u2011service<\/span><\/h4>\n<blockquote>\n<p><strong>Prerequisites<\/strong><br \/>\u2022 The board member has an Estonian ID\u2011card, Mobile\u2011ID or e\u2011Residency digital ID.<br \/>\u2022 You know the accountant\u2019s <strong>Estonian personal identification code<\/strong> (isikukood).<\/p>\n<\/blockquote>\n<h4>Step\u2011by\u2011step<\/h4>\n<ol start=\"1\" data-spread=\"false\">\n<li>\n<p><strong>Log in<\/strong> to the MTA self\u2011service at <a href=\"https:\/\/www.emta.ee\" target=\"_blank\" rel=\"noopener\">https:\/\/www.emta.ee<\/a>.<\/p>\n<\/li>\n<li>\n<p>Choose <strong>your company<\/strong> from the top\u2011right drop\u2011down menu (if you have more than one).<\/p>\n<\/li>\n<li>\n<p>In the left\u2011hand menu click <strong>Settings \u2192 Access permissions \u2192 Access permissions of representatives \u2192 New access permission<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>Enter the accountant\u2019s personal ID\u2011code<\/strong> and (optionally) set an <strong>expiry date<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>Select rights<\/strong>:<\/p>\n<ul data-spread=\"false\">\n<li>\n<p><strong>Package method<\/strong> \u2013 scroll to the bottom, press <strong>OTSI<\/strong>, tick e.g. <em>Accountant Package<\/em> (includes submission of all tax returns) and press <strong>Add<\/strong>.<\/p>\n<\/li>\n<li>\n<p><strong>Separate rights<\/strong> \u2013 open the <em>Separate access permissions<\/em> tab if you need custom scope (e.g. only VAT returns). Most useful rights are grouped under <strong>\u201cOver\u2011areas\u201d<\/strong>.<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p>(Optional) To allow your accountant to manage further user rights, search for <strong>\u201cright of the representative \u2026 to administer user rights\u201d<\/strong> and add it.<\/p>\n<\/li>\n<li>\n<p>Press <strong>Save<\/strong>. Access is active immediately.<\/p>\n<\/li>\n<\/ol>\n<p>###\u202fTroubleshooting<\/p>\n<ul data-spread=\"false\">\n<li>\n<p>If the person is <strong>not found<\/strong>, double\u2011check the ID\u2011code or ask the accountant to log in to MTA once (this creates a user profile).<\/p>\n<\/li>\n<li>\n<p>Remember to <strong>update or revoke<\/strong> rights if you switch service providers.<\/p>\n<\/li>\n<\/ul>\n<div><hr \/><\/div>\n<h4><span style=\"color: #ff6600\">2. Authorise the accountant in the Business Register (for the annual report)<\/span><\/h4>\n<ol start=\"1\" data-spread=\"false\">\n<li>\n<p>Log in to <a href=\"https:\/\/rik.ee\" target=\"_blank\" rel=\"noopener\">https:\/\/rik.ee<\/a> and open <strong>My undertakings<\/strong>.<\/p>\n<\/li>\n<li>\n<p>From the top bar select <strong>Annual Report \u2192 Defining persons entering data<\/strong>.<\/p>\n<\/li>\n<li>\n<p>Click <strong>Add new person for entering data<\/strong>.<\/p>\n<\/li>\n<li>\n<p>Enter the accountant\u2019s <strong>personal ID\u2011code<\/strong>.<\/p>\n<\/li>\n<li>\n<p>Select the relevant company (if prompted).<\/p>\n<\/li>\n<li>\n<p>Tick <strong>\u201cThe person entering data is authorised to submit the report\u201d<\/strong>.<\/p>\n<\/li>\n<li>\n<p>Press <strong>Save<\/strong>.<\/p>\n<\/li>\n<\/ol>\n<blockquote>\n<p><strong>Important:<\/strong> The filed report must still be <strong>digitally signed by at least one board member<\/strong> before it is deemed submitted.<\/p>\n<\/blockquote>\n<div><hr \/><\/div>\n<h4><span style=\"color: #ff6600\">3. Video tutorial<\/span><\/h4>\n<p><a href=\"https:\/\/www.youtube.com\/watch?v=uKJ3zgS5oTc\" target=\"_blank\" rel=\"noopener\">MTA access\u2011rights setup \u2013 3\u2011minute video<\/a><\/p>\n<div><hr \/><\/div>\n<p><em>This guide is for general information only and does not constitute legal advice. Procedures may change \u2013 always refer to the latest instructions on the official websites of the MTA and the Business Register.<\/em><\/p>\n\n\n<p><\/p>\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tKategooria:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/accounting\/\">Accounting<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tTag:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/tax-and-customs-board\/\">Tax and Customs Board<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='5651'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>3<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='5651'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=How+to+authorise+your+accountant+in+the+Estonian+e%E2%80%91services+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fwhat-are-annual-report-deadlines-in-estonia%2Fsingle-faq%2Fhow-to-give-representation-rights-in-tax-office%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewbox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/single-faq\/how-to-give-representation-rights-in-tax-office\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><div  class=\"ewd-ufaq-faq-div ewd-ufaq-faq-column-count-one ewd-ufaq-faq-responsive-columns- ewd-ufaq-faq-display-style-minimalist ewd-ufaq-can-be-toggled\" id='ewd-ufaq-post-2400-aeQnmsrEJY' data-post_id='2400'>\n\n\t\t\n\t<div class='ewd-ufaq-faq-title ewd-ufaq-faq-toggle'>\n\t\n\t<a class='ewd-ufaq-post-margin'  href='#' role=\"button\">\n\n\t\t<div class='ewd-ufaq-post-margin-symbol ewd-ufaq-square'>\n\t\t\t<span >a<\/span>\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-faq-title-text'>\n\n\t\t\t<h5>\n\t\t\t\tAnnual report deadlines in Estonia\t\t\t<\/h5>\n\n\t\t<\/div>\n\n\t\t<div class='ewd-ufaq-clear'><\/div>\n\n\t<\/a>\n\t\n<\/div>\n\t\n\t<div class='ewd-ufaq-faq-body ewd-ufaq-hidden' >\n\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-post-margin ewd-ufaq-faq-post'>\n\t<h4 data-pm-slice=\"1 1 []\"><span style=\"color: #ff6600\">Submission of the annual report is mandatory in any case.<\/span><\/h4>\n<p data-pm-slice=\"1 1 []\"><span style=\"color: #000000\">Every Estonian legal entity \u2013 including micro\u2011sized O\u00dcs owned by e\u2011residents \u2013 must file an <strong>annual report<\/strong> (majandusaasta aruanne) with the Business Register <strong>within 6\u202fmonths after the end of its financial year<\/strong> (Commercial Code \u00a7\u202f60).<\/span><\/p>\n<blockquote><p><strong>Typical deadline:<\/strong> If your financial year = calendar year, the report is due <strong>30\u202fJune<\/strong> of the following year. To change the FY you must submit a <strong>shareholders\u2019 resolution<\/strong> and amend the articles in the Business Register before the new FY starts.<\/p><\/blockquote>\n<div>\n<hr \/>\n<\/div>\n<h4><span style=\"color: #ff6600\">1. What must be included?<\/span><\/h4>\n<p>Estonian GAAP (<em>Estonia\u2019s Good Accounting Practice<\/em>) recognises four size categories. Reporting requirements scale with size:<\/p>\n<p>The size of the company determines which statements are required: micro-entities file only the balance sheet and income statement, whereas small entities add a cash-flow statement and management report, and larger ones include changes in equity and often an audit.<\/p>\n<blockquote><p>Most of our clients fall under <strong>micro<\/strong> or <strong>small<\/strong> category.<\/p><\/blockquote>\n<div>\n<hr \/>\n<\/div>\n<h4><span style=\"color: #ff6600\">2. Penalties for late filing<\/span><\/h4>\n<table>\n<tbody>\n<tr>\n<td>Delay<\/td>\n<td>Sanction<\/td>\n<\/tr>\n<tr>\n<td>Up to 3\u202fmonths<\/td>\n<td>Warning letter &amp; initial fine (typically \u20ac200\u2013\u20ac300)<\/td>\n<\/tr>\n<tr>\n<td>Over 3\u202fmonths<\/td>\n<td>Repeated coercive fines up to \u20ac3\u202f200 total<\/td>\n<\/tr>\n<tr>\n<td>Persistent non\u2011compliance<\/td>\n<td>Court\u2011ordered <strong>compulsory dissolution<\/strong> of the company<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Late filing also raises red flags with banks and partners; keep your compliance record clean.<\/p>\n<div>\n<hr \/>\n<\/div>\n<h4><span style=\"color: #ff6600\">3. Best\u2011practice timeline (calendar\u2011year FY)<\/span><\/h4>\n<table>\n<tbody>\n<tr>\n<td>Month<\/td>\n<td>Task<\/td>\n<\/tr>\n<tr>\n<td><strong>Jan\u2011Feb<\/strong><\/td>\n<td>Close previous FY in accounting; reconcile balances<\/td>\n<\/tr>\n<tr>\n<td><strong>Mar<\/strong><\/td>\n<td>Draft financial statements; collect supporting documents<\/td>\n<\/tr>\n<tr>\n<td><strong>Apr<\/strong><\/td>\n<td>Management review; prepare notes &amp; management report<\/td>\n<\/tr>\n<tr>\n<td><strong>May<\/strong><\/td>\n<td>Board approves package; send to auditor (if required)<\/td>\n<\/tr>\n<tr>\n<td><strong>Jun<\/strong><\/td>\n<td>Shareholders\u2019 meeting adopts the report; board member signs; <strong>submit<\/strong> by 30\u202fJun<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Submitting early avoids last\u2011minute e\u2011system congestion.<\/p>\n<blockquote><p><strong>Need assistance?<\/strong> Contact us for a fixed\u2011fee quote.<\/p><\/blockquote>\n<div>\n<hr \/>\n<\/div>\n<p><em>This overview is for general information only and not legal advice. Always check current laws and the Business Register instructions.<\/em><\/p>\n<p dir=\"ltr\" data-placeholder=\"Translation\">\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-custom-fields'>\n\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-categories'>\n\t\n\tCategories:\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/accounting\/\">Accounting<\/a>\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-category\/annual-report\/\">Annual report<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-faq-tags'>\n\t\n\tSildid:\t\n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/accounting\/\">Accounting<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/annual-report\/\">Annual report<\/a>, \n\t\n\t\t<a href=\"https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/faq-tag\/estonia\/\">Estonia<\/a>\n\t\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-ratings'>\n\t\n\t<div class='ewd-ufaq-ratings-label'>\n\t\tDid you find this FAQ helpful?\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-up-vote ewd-ufaq-ratings-default-image' data-faq_id='2400'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-up-icon.png\" alt=\"Thumbs Up Icon\">\t\t<span>6<\/span>\n\t<\/div>\n\t\n\t<div class='ewd-ufaq-rating-button ewd-ufaq-down-vote ewd-ufaq-ratings-default-image' data-faq_id='2400'>\n\t\t<img decoding=\"async\" src=\"https:\/\/virtualofficeinestonia.com\/wp-content\/plugins\/ultimate-faqs\/assets\/img\/Thumbs-down-icon.png\" alt=\"Thumbs Down Icon\">\t\t<span>0<\/span>\n\t<\/div>\n<\/div>\n\n<div class='ewd-ufaq-clear'><\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-social-links'>\n\n\t<span class='ewd-ufaq-social-links-label'>\n\t\tShare\t<\/span>\n\t\n\t<ul class='rrssb-buttons'>\n\t\t<li class='rrssb-email'>\n\n\t<a href='mailto:?subject=Check+out+this+helpful+FAQ&amp;body=Annual+report+deadlines+in+Estonia+%7C+https%3A%2F%2Fvirtualofficeinestonia.com%2Fet%2Fufaqs%2Fwhat-are-annual-report-deadlines-in-estonia%2Fsingle-faq%2Fwhat-are-annual-report-deadlines-in-estonia%2F'>\n\n\t\t<span class='rrssb-icon'>\n\n\t\t\t<svg xmlns='http:\/\/www.w3.org\/2000\/svg' width='28' height='28' viewbox='0 0 28 28'>\n\t\t\t\t<path d='M20.11 26.147c-2.335 1.05-4.36 1.4-7.124 1.4C6.524 27.548.84 22.916.84 15.284.84 7.343 6.602.45 15.4.45c6.854 0 11.8 4.7 11.8 11.252 0 5.684-3.193 9.265-7.398 9.3-1.83 0-3.153-.934-3.347-2.997h-.077c-1.208 1.986-2.96 2.997-5.023 2.997-2.532 0-4.36-1.868-4.36-5.062 0-4.75 3.503-9.07 9.11-9.07 1.713 0 3.7.4 4.6.972l-1.17 7.203c-.387 2.298-.115 3.3 1 3.4 1.674 0 3.774-2.102 3.774-6.58 0-5.06-3.27-8.994-9.304-8.994C9.05 2.87 3.83 7.545 3.83 14.97c0 6.5 4.2 10.2 10 10.202 1.987 0 4.09-.43 5.647-1.245l.634 2.22zM16.647 10.1c-.31-.078-.7-.155-1.207-.155-2.572 0-4.596 2.53-4.596 5.53 0 1.5.7 2.4 1.9 2.4 1.44 0 2.96-1.83 3.31-4.088l.592-3.72z' \/>\n\t\t\t<\/svg>\n\n\t\t<\/span>\n\n\t\t<span class='rrssb-text'>email<\/span>\n\n\t<\/a>\n\n<\/li>\t<\/ul>\n\n<\/div>\n\t\t\n\t\t\t<div class='ewd-ufaq-permalink'>\n\t\n\t<a href='https:\/\/virtualofficeinestonia.com\/et\/ufaqs\/what-are-annual-report-deadlines-in-estonia\/single-faq\/what-are-annual-report-deadlines-in-estonia\/'>\n\t\t\n\t\t\t\t <div class='ewd-ufaq-permalink-image'><\/div> \t\n\t<\/a>\n\n<\/div>\n\t\t\n\t\t\t\n\t\t\n\t\t\t<div class='ewd-ufaq-back-to-top'>\n\t\n\t<a class='ewd-ufaq-back-to-top-link'>\n\t\tBack to Top\t<\/a>\n\n<\/div>\n\t\t\n\t<\/div>\n\n<\/div><\/div>\n\n<\/div>\n\n\t<\/div>\n\n\t\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Enjoy professional e-accounting software, processing of up to 100 transactions monthly, and submission of tax declarations for both turnover and workforce. Includes payroll services for 1\u20137 employees\u2014everything you need for smooth financial management!<\/p>","protected":false},"featured_media":1690,"template":"","meta":{"jetpack_post_was_ever_published":false},"product_brand":[],"product_cat":[283],"product_tag":[314,374,515,306,406],"class_list":{"0":"post-5588","1":"product","2":"type-product","3":"status-publish","4":"has-post-thumbnail","6":"product_cat-additional-services","7":"product_tag-accounting","8":"product_tag-bookkeeping","9":"product_tag-e-residency","10":"product_tag-estonia","11":"product_tag-european-union","13":"first","14":"instock","15":"downloadable","16":"virtual","17":"sold-individually","18":"purchasable","19":"product-type-subscription"},"jetpack_likes_enabled":false,"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product\/5588","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/types\/product"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/media\/1690"}],"wp:attachment":[{"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/media?parent=5588"}],"wp:term":[{"taxonomy":"product_brand","embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product_brand?post=5588"},{"taxonomy":"product_cat","embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product_cat?post=5588"},{"taxonomy":"product_tag","embeddable":true,"href":"https:\/\/virtualofficeinestonia.com\/et\/wp-json\/wp\/v2\/product_tag?post=5588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}