Accounting services and taxation in Estonia

General information

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We provide accounting services for companies with any kind of activities, incl. crypto platforms.

Please note that not all companies need monthly accounting, as dormant companies and the ones with a few transactions a year need only yearly accounting and annual report submission.

Monthly accounting is more applicable in case of registering a VAT ID and/or employees, as in that case you need to submit tax declarations every month, even if the turnover is 0 EUR.

Our accounting fees depend on the company activities and volume of work, thus the prices are rather personalised. We believe that is not fair to use the same fixed monthly fee for every company, as the fees must be based on the real work completed by the accountant. E.g. we do not understand why a company should pay monthly accounting fees, if it does not have a VAT ID and is not required to submit any monthly reports.

Some price estimations:

  • Dormant annual report preparation fee starts from 100 EUR
  • VAT ID registration starts from 300 EUR

Send us an inquiry to get professional assistance in annual report preparation, tax declaration submission or determination of accounting services frequency.  

Taxation rates in Estonia

Corporate income tax (non-distributed profit)      0%

Corporate income tax (distributed profit)             22%

Value added tax (VAT)                                                22%

To get a salary taxes estimation, please follow this link salary calculator 

How to get a VAT ID for an Estonian company

General requirements

If the company sales in EU exceeds 40 000 EUR, then the company must apply for a VAT ID.

In case you want to apply for a VAT ID before you have started a business or the 40 000 EUR limit is exceeded, it is required to explain the planned business activities.

It is important to know that VAT ID is not always granted automatically and further investigation might be done by the tax authorities.

Authorities usually make the decision within 1 week.

Tax returns become compulsory

Once your company has received an Estonian VAT ID, you are required to submit monthly tax returns, even if your company does not have any activities at all.

Monthly tax reports are due:

  • Social tax return - latest on the 10th day of the next month
  • VAT return - latest on the 20th day of the next month

In case you fail to submit the tax returns on time, your company gets a penalty from the tax authorities and you may lose the VAT ID.

Penalties

After implementing Estonian Commercial Code amendments in February 2023, the registry has started actively fining companies who have not submitted the annual reports and/or monthly tax declarations by the deadline.

Fines generally start from 200 EUR and can reach up to 3200 EUR.

Our experience has shown that the fines are often larger sums than the fees for the accounting, which is why we urge all the companies to submit the required reports and declarations in a timely manner.

In case you do not need your Estonian company any longer and want to put an end to the monthly/yearly expenses, we advise to consider the liquidation option. 

Wisor Group OÜ | Narva mnt 5, 10117 Tallinn, Estonia | + 372 555 90 537
Service provider of trust funds and companies | Operating license nr. FIU000342  | 
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