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Developments in Estonia on the global minimum tax front
Tax Developments in Estonia on the global minimum tax front
On 22 December 2021, the European Commission introduced a draft of a minimum tax directive designed to impose on large corporations an obligation to pay at least 15% income tax on profit. The establishment of a minimum tax limits tax competition between countries and is one of the international measures for preventing tax avoidance.
Urzula Välb
Urzula Välb
| 4 min read | 11 Mar 2022
Our auditors’ work receives top rating
Audit Our auditors’ work receives top rating
Grant Thornton Baltic’s Estonian audit team received the best possible rating – green level – in the Auditing Activities Oversight Board’s (AJN) regular quality control inspection.
Less than a minute | 09 Mar 2022
Six important questions about whistleblowing
Business risk management Six important questions about whistleblowing
The so-called Whistleblower Protection Act has raised many practical questions. Here are some of the most common questions that have been asked by clients of Grant Thornton Balticand the answers of our specialists.
Kai Paalberg
Kristel Tiits
Kristina Mjasojedova Grant Thornton Baltic
| 11 min read | 09 Mar 2022
Opening the door to diverse talent
Women in Business Opening the door to diverse talent
In 2022, Grant Thornton’s Women in Business research has once again tracked the position of women in senior management across the world, and the progress towards gender parity in leadership.
1 min read | 07 Mar 2022
Some useful advice on declaring income
Income tax Some useful advice on declaring income
Starting 15 February, personal income tax returns can be filed; for many people, this process is associated with receiving tax refunds. A tax return must also be filed if a person has earned income on which income tax is not withheld (such as earnings from abroad, capital gains from alienation of property) or withholding has not occurred. A tax return must also be filed if the person desires to eliminate double taxation – i.e., if the same income was taxed abroad as well as in Estonia.
Urzula Välb
Urzula Välb
| 11 min read | 02 Mar 2022
Grant Thornton Baltic provides support for Airobot’s public market debut
Case study Grant Thornton Baltic provides support for Airobot’s public market debut
Grant Thornton Baltic was recently again able to contribute to a market debut for an Estonian company: our auditors conducted a financial audit of a producer of high-tech ventilation systems, Airobot Technologies, which as of 10 February is listed on Nasdaq First North.
1 min read | 22 Feb 2022
COP26 provides a turning point for mid-market companies
Sustainability COP26 provides a turning point for mid-market companies
COP26’s goal was to deliver radical change to save our planet. In the long term, there are good reasons to be hopeful.
Less than a minute | 22 Feb 2022
Towards a sustainable business
Sustainability Towards a sustainable business
Sustainability is receiving increasing attention in both business plans and the speeches of politicians. Grant Thornton also focuses on sustainability issues in advising organizations and we are happy to share our experiences and thoughts with you.
Less than a minute | 22 Feb 2022
Creating competitive advantage through sustainability
Sustainability Creating competitive advantage through sustainability
The mid-market’s real prioritisation of sustainability not only reflects the growing expectation of stakeholders but the forward-thinking nature of this entrepreneurial segment. But few companies have made significant progress and many still face significant barriers.
1 min read | 22 Feb 2022
The ABCs of hiring a new employee
Labor law The ABCs of hiring a new employee
Employers have to deal with three important aspects that lead to an employment relationship between employer and employee: job interview, pre-contractual negotiations and background checks (the last of these, of course, with employee consent).
Uljana Feldman
Uljana Feldman
| 6 min read | 14 Feb 2022
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Transaction advisory The experience of a businessman who sold his life’s work: how to get top dollar from the Chinese
A businessman who started a company in Estonia even before the country had regained independence, Kevin Probert-Ehaver, recently sold his life’s work – the three Baltic companies in BK Group – to a major Chinese corporation, Hikvision. The transaction proved more complicated than planned, but in the end he managed to negotiate a price that was triple what was originally offered.
Kristjan Järve
Kristjan Järve
| 5 min read | 10 Feb 2022
Good work gets deserved recognition
Case study Good work gets deserved recognition
The auditors of Grant Thornton Baltic audited the 2020 IFRS annual report of the public interest entity UPP Olaines OÜ consolidation group.
1 min read | 26 Jan 2022
Keeping hand on the global business pulse
Global economy Keeping hand on the global business pulse
After leaping back strongly from the darkest days of the pandemic, the global mid-market could only manage a small additional step forward in the second half of 2021, as tracked by the Global business pulse, Grant Thornton’s index of health among mid-sized companies. At 1.2, the index score is now within sight of pre-COVID health levels (3.4), but there is still some way to go for a full recovery.
1 min read | 26 Jan 2022
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Whistleblowing Changing the perception of whistleblower as martyr means new obligations for companies
A whistleblower has to feel safe in order to have the courage to start shining the light on problem areas in an organization. An EU directive soon to come into force imposes specific requirements on companies to ensure that those who point out problems would not end up like martyrs.
Kai Paalberg
Kai Paalberg
| 7 min read | 24 Jan 2022
Key changes in tax legislation in the Baltics in 2022
Tax Key changes in tax legislation in the Baltics in 2022
In the beginning of the year, several tax changes were introduced in Estonia, Latvia and Lithuania.
1 min read | 20 Jan 2022
Tarmo Rahkama Grant Thornton Baltic
Meet your auditor A sworn auditor who seeks challenges and excitement at work and leisure
Conversing with Tarmo Rahkama, his desire for challenges and excitement quickly becomes plain. He talks passionately about his career as a sworn auditor, doing packaging audits and being a track and field (athletics) umpire. The conservation also swings to the subject of the best recent theatre productions and tennis.
7 min read | 19 Jan 2022
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