What are the requirements for expense documents?
Legislation states that only business-related expenses can be included in the company’s reporting. Non-related expenses are treated as non-purpose based on the Estonian Accounting legislation and are taxed with an additional preferential tax.
They must include:
- Date of issue
- Receipt number
- Description of goods or services purchased
- Numerical data (amount, price of unit, total sum)
- Name of the seller
- Address of the seller
- Seller’s company registration number
- Seller’s VAT number (in case the seller has it)
They can be transmitted to us through various communication channels, preferably through various applications that automatically add them to the accounting software.