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Key changes in taxation of temporary agency work came into force
Tax Key changes in taxation of temporary agency work came into force
Based on the rules in force until the end of 2020, Estonia was entitled to tax wages of non-residents starting from day one if the entity making the payment was located in Estonia. If the payer was located abroad, , the right of taxation in Estonia arose only if the employee had been in Estonia for the purpose of employment for 183 days.
Urzula Välb
Urzula Välb
| 17 Feb 2021
Key changes in tax legislation in the Baltics in 2021
Tax Key changes in tax legislation in the Baltics in 2021
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.
16 Feb 2021
Consolidation and Brexit
Consolidation Consolidation and Brexit
It will soon be time to prepare annual reports for the financial year 2020. Estonian companies with parent companies in the UK will have to take into account new rules.
16 Feb 2021
Annual reports – an unsung marketing method
Annual reports Annual reports – an unsung marketing method
An annual report can be a great calling card and the secret to doing business more successfully, even though Estonian business people aren’t all that active in submitting them. Last year was an exception: the deadline for submission of annual financial statements was postponed by several months and a larger number of the reports came in on time.
11 Feb 2021
Stockmarket Grant Thornton Baltic
Annual reports Listed companies get extension for complying with new requirement
Under a European Union directive, publicly listed companies must adopt the European Single Electronic Format, ESEF. But they will probably not have to file ESEF format annual reports for another year.
Mart Nõmper
Mart Nõmper
| 11 Feb 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Financial advisory Why determine the value of assets at a company and how to choose the right method?
After the year of the coronavirus, there is good reason to review the value of a company’s assets with particular care. Even more, because the value of some assets may instead have increased in these muddled times, as we heard on the Äripäev Radio programme ‘Kasvukursil’, on which Mart Nõmper, Sworn Auditor and Head of Audit and Assurance Services, and Mikk Mägi, Head of Financial Advisory at the pan-Baltic audit, outsourcing and advisory services provider Grant Thornton Baltic, discussed asset valuation.
10 Feb 2021
Whats up with WhatsApp?
Data protection Whats up with WhatsApp?
In January WhatsApp announced that it is changing its data policies so that the users only options are either to agree to their data policy and make data about them available to Facebook, the owner of WhatsApp, and any of its chosen third parties or not use the service. Grant Thornton Baltic's Head of Data Protection and Cybersecurity Maili Torma opens up the subject.
26 Jan 2021
E-cookies Grant Thornton Baltic
Data protection Let’s open the cookies(jar)
Cookies can't read data off your hard drive or cookie files created by other sites; they are one of the technologies tracking people’s behavior on the web.
26 Jan 2021
Transmission of personal data to the US – mission impossible?
Data protection Transmission of personal data to the US – mission impossible?
On 16 July 2020, the European Union Court of Justice (CJEU) passed judgment C-311/18 (Schrems II), invalidating the US-EU certificate programme Privacy Shield, which ensures data transmission security.
22 Jan 2021
Transfer pricing 2020 – three problems and three solutions
Tax Transfer pricing 2020 – three problems and three solutions
The restrictions established due to the COVID-19 pandemic have disrupted transfer pricing within international corporations. Even if the restrictions were to be eased, undertakings would face major uncertainty about risks and comparables for determining market value.
12 Jan 2021
IT-audit Grant Thornton Baltic
IT-audit IT audit – it may look like an expense, but in real life, it’s savings
Most companies view an IT audit as an expense, but experts say in reality, it helps companies to save money – especially if it’s conducted at the right time. An IT audit is a possibility to obtain an external view of the information system in current use.
12 Jan 2021
Tarmo Rahkama Grant Thornton Baltic
Packaging audit Streamlining accounting and auditing of packaging reports
The accounting and preparation of packaging reports has become better over the years and the awareness of the importance of accounting more comprehensive and precise but there are still shortcomings in packaging reporting. In some cases, the errors are specific and affect an individual company, but many are recurring. In this article, I list some of the standard errors we have noticed in companies’ reporting on packaging and I provide advice for avoiding these mistakes.
Tarmo Rahkama
Tarmo Rahkama
| 12 Jan 2021
Assurance and advisory services: Amserv Grupp AS
Case study Assurance and advisory services: Amserv Grupp AS
We performed the statutory financial audit for consolidation group of Amserv Grupp AS, which includes several companies in Estonia and Latvia.
Mart Nõmper
Mart Nõmper
| 22 Dec 2020
Increased outsourcing is grist for our mill
Good results 2019-2020 Increased outsourcing is grist for our mill
Grant Thornton is now third in the rankings of auditing firms. Interview with Grant Thornton Baltic's Managing Partner Mati Nõmmiste.
03 Dec 2020
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Remote working Remote working leads the concept of employment injury to absurd
The employer has an obligation to ensure the safety of its employee, but in the conditions of a home office, a legal requirement may become absurd, it was stated on Äripäev raadio’s ,,Kasvukursil’’.
25 Nov 2020
CRM-Grant Thornton Baltic
Digital services Comparison: best customer relationship management (CRM) software 2020
A CRM software provides a company with a comprehensive overview of its customer data and relationships, thus, supporting both sales and marketing. As a result, both the company's sales activities and internal efficiency improve. Grant Thornton Baltic's Digital Marketing Strategist Erik Suits has made a practical comparison of the most used CRM sustems. Find out more!
Erik Suits
Erik Suits
| 26 Oct 2020
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