Do I have to do accounting?
When conducting business in Estonia, you should comply with the local accounting and legal standards. A company needs to keep its books so that the creditors and business partners may rest assured about the financial position of the company and taxes can be calculated correctly.
There are three main accounting policies to abide by:
- the Accounting Act of the Republic of Estonia
- Estonia’s Good Accounting Practices
- the guidelines issued by the Accounting Board of the Republic of Estonia