Insights

Audit

Audit your auditor

An increasing number of companies in Estonia cross the threshold of turnover and balance sheet volume that requires them to order an audit or financial review
Transfer prices

Amendments to transfer pricing regulation put more focus on profit shifting

From 2022, an updated regulation will take effect, regarding the methodology for determining transactions between related persons. Since it was adopted in
Labor Law

Child leave system to change next year

Effective 1 April 2022, when the system for taking child leave will change in the Employment Contracts Act, all parents of children under 14 years of age will
Tax

VAT reduction possible on bad depts from 2022

From 1 January 2022, the Estonian Value-added Tax Act will have a new section, 291, setting forth the conditions on the basis of which taxable persons can
Business Intelligence

The key to profitable business: data-based decision-making

Running a business in the most profitable manner possible takes smart decisions. Data – and including data in the decision-making process – are an inseparable
Audit calculator

Audit, review or neither?

Autumn is a good time to analyse your company’s financial results for the previous financial year and determine whether you are the subject to have the annual
Whistleblowing

Whistleblowing and reporting misconduct

The law transposes the EU directive into Estonian law and entails an obligation for organizations to create internal and external reporting channels for

Our news

22 Nov 2021

We salute Anastasia Borovaja

Partner and Head of Outsourcing Anastasia Borovaja has been deemed worthy of second place at the Arvestusala Edendaja 2021 competition, which recognizes individuals who have contributed to advancing the accounting profession!

22 Nov 2021

Grant Thornton Baltic continues to support cancer treatment foundation “The Gift of Life”

Each year about 8000 people in Estonia are diagnosed with cancer. Unfortunately the Health Insurance Fund is unable to pay for care in the case of some of these men, women and children. Fortunately, many of them have been assisted by the Hille Tänavsuu cancer treatment foundation “The Gift of Life”, which channels donations to pay the medical bills of many in need. Grant Thornton Baltic is one of the supporters of the foundation.

10 Feb 2021

Managing to grow even in complicated times

The international network of business advisory companies Grant Thornton International Ltd, of which Grant Thornton Baltic is a member, boasted 1.6% revenue growth last financial year. In doing so, Grant Thornton International saw growth across all major service areas – audit, advisory, tax services.

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Experience
Case study

We advised international insurance broker Howden on entering the Estonian market

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