Introduction of Defense Tax in Estonia: What You Need to Know
The defense tax in Estonia will include the following components: Corporate Income Tax: Estonia’s Competitiveness: Despite the introduction of this new tax, […]
EU LIST OF NON-COOPERATIVE JURISDICTIONS FOR TAX PURPOSES
On 08.10.2024, the EU Council published an updated list of countries that do not cooperate in tax matters. While there are no […]
COMPANY RELOCATION FROM ESTONIA: OPPORTUNITIES AND TAX IMPLICATIONS
Due to the increase in tax rates in Estonia, many companies have begun to consider the possibility of relocating their business to […]
Introduction a new corporate tax in Estonia?
The government of a country that took a bold step over 20 years ago by implementing a revolutionary taxation system is now […]
REPORTING OBLIGATION FOR EU COMPANIES WITH RUSSIAN CITIZEN PARTICIPATION
At the beginning of 2024, the EU Council amended Regulation No 833/2014 by adding Article 5r, introducing a mandatory reporting requirement for […]
The EU Council has published the new list of countries that do not cooperate on tax matters
This list is published twice a year and has practical interest to the Estonian taxpayer since some transactions with companies from countries […]
Russia, BVI, Marshall Islands, Costa Rica are included in the EU list of “non-cooperative” jurisdictions. Tax implications for residents of Estonia.
By the decision of the EU Council, published on February 14, 2023, the list of non – cooperative jurisdictions for tax purposes […]
New Crypto industry regulations in Estonia, March 2022
Dear Crypto market participant! Please find below our update on the latest virtual currencies market developments in Estonia. As a result of […]
Laws that entered into force in Estonia in 2021
TAXES Summary of the tax amendments that will enter into force in 2021 is provided below. It is worth noting that not […]
New rules on taxation of rented labour force in Estonia, which entered into force on 1 January 2021
What is the change? Until 2021, no income tax was paid on the wages of rented foreign employees in Estonia if they […]
Sweden changes the rules for the taxation of foreign employees since 1 January 2021
What is the change? The changes in the legislation affected three different parts that regulate tax obligations for foreign companies that have […]
Special (tonnage) tax regime for maritime companies – NO INCOME TAX ON CREW MEMBERS’ REMUNERATION
It is widely known, that in many countries in the world, various fiscal stimulus measures are being implemented to develop maritime and […]
Amendments to the Commercial Code have been approved
On 01.08.2020, amendments to the Commercial Code will enter into force, which in certain cases will abolish the notarial formality requirement upon sale […]
Government unveils the $2 billion package of measures to save the Estonian economy
Economic rescue package has been approved by Estonian Government to diminish the situation faced by Estonian workers and enterprises due to the […]
ATTENTION! Important information!
Dear Clients, Due to the growing spread of coronavirus in Estonia and declaring the emergency situation in country by Estonian government, our […]
2019 International Tax Competitiveness Index Rankings
For the sixth year running, Estonia has been awarded the top spot in the OECD’s International Tax Competitiveness Index. The International Tax […]
The revolution in the fight against tax optimization
The new directive imposes an obligation to inform the tax authority of even the potential cross-border deals. Council Directive (EU) 2018/822 of […]
The Latest Cryptocurrency News
The procedure for issuing operating licenses for services related to cryptocurrency is going to be tougher and more expensive, as the state […]
5th EU Anti-Money Laundering Directive published
On June 19th, 2018, the AMLD5 (fifth EU Anti-Money Laundering Directive) was published in the official journal of the European Union. The […]
Notaries will be empowered to certify documents via video link
The relevant draft law has been initiated by the government. It provides for a form of remote certification of documents via video […]
Money Laundering and Terrorist Financing Prevention Act
In February 2017, a draft law of the Money Laundering and Terrorist Financing Prevention Act was prepared, which will implement amendments to […]
A new law will render using a ‘front man’ pointless
The Government has approved amendments to the Taxation Act, which will render pointless using of ‘front man’ in business and decrease the […]
Cryptocurrency – a wallet or exchange?
Cryptocurrency business licensing is an optimal step to minimize risks. Steady cryptocurrency growth is a reliable proof that investors tend to use […]
Our Partner Leonid Agejev participated in UKRAINE ANTI-OFFSHORE International Tax Conference
UKRAINE ANTI-OFFSHORE has been a landmark international top level conference of the year 2018. It was organized by Crowe LF Ukraine and […]
Larssen provided legal and tax assistance to Yandex.Taxi service in its entering the Baltic market
Yandex.Taxi service has been launched in March 2018 in Riga and in May 2018 in Tallinn. It is an application for fast […]
Common standard of automatic exchange of information on tax matters
In 2014, the OECD and the G20 approved the Common Reporting Standard (CRS) – common standard of automatic exchange of information on […]
Automatic Exchange of Information for Taxation Purposes
Lack of efficient ways to receive financial information from foreign countries has been a serious obstacle to the government’s desire to impose […]
De-offshorization of Estonia
In February this year, a draft law of the Money Laundering and Terrorist Financing Prevention Act (hereinafter referred to as the Law) […]
A draft bill has been approved to reduce required minimum salary for expatriates
26.05.2016 The Government has approved a draft bill that reduces the salary an employer shall pay to a foreign worker in Estonia. […]
Larssen receives a license
Since 1 July 2014 the General Part of the Economic Activities Code Act comes into force that reforms licensing system for companies […]
Changes are coming to the Sworn Translators Act
Due to coming into force of the Sworn Translators Act on 1 January 2015, the right of translation of official documents from […]
E-residency for non-residents
Starting this December citizens of foreign countries are able to apply for a digital ID card of e-resident of Estonia for just […]