Dividend taxation in Estonia from 2025: when and how to distribute dividends and when tax-free redistribution is possible.
Many managers see the management report as a mandatory add-on, but in reality, it is at least as important as the balance sheet or income statement. It is through the management report that a bank, partner, investor or other stakeholder forms an initial view of the company’s management, current position and future outlook.
New unique artificial intelligence–based assistants are now available to everyone on the Grant Thornton Baltic Estonia website. These tools help accountants, CFOs, auditors and other interested parties navigate the field of accounting more effectively.
As of 15 May 2024, a legislative amendment entered into force that allows employers to pay voluntary sickness benefits to employees under more favourable conditions than before. So far, this change has received relatively little attention, yet its implementation enables employers to make a significant contribution to employee well-being.
The year 2026 will bring several significant tax changes across the Baltic States, affecting both businesses and individuals. In this overview, Grant Thornton Baltic tax experts summarise the key tax developments in Estonia, Latvia and Lithuania – covering income tax, VAT, social taxes and excise duties, among others.
Whether driven by growth, the need for digitalisation, new reporting requirements or the search for a reliable partner during times of change, Grant Thornton Baltic is a strong choice.
Implementing Alteryx was not about innovation for its own sake, but about addressing very specific needs: increasing efficiency, reducing manual work, and making recurring procedures more transparent and less prone to errors.
Clearly documented packaging accounting helps companies strike a balance where obligations are met in compliance with requirements, accounting remains auditable, and administrative costs are kept at an efficient level.
At the beginning of 2025, the International Accounting Standards Board (IASB) adopted an updated consolidated text of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The updated IFRS for SMEs therefore necessitates a review and update of the EFS and the RTJ guidelines.
Accounting is the heartbeat of every successful company. Grant Thornton Baltic Partner Gaily Kuusik explains why price alone shouldn’t guide your choice of accounting service — and how quality, expertise, security, and partnership create real business value.
Financial investments are becoming an increasingly important part of companies’ asset portfolios. Whether these include shares, bonds, fund units or derivatives, their correct accounting treatment is essential both for compliance with legislation and for ensuring reliable financial reporting.
Grant Thornton Baltic offers payroll process mapping, rule configuration, integration testing, parallel payroll testing and training to ensure payroll runs smoothly and correctly. Naturally, we also provide a full-service solution—from HR support to payslips.
By 2 February, Annexes I–III of INF 14 must be submitted to the Tax and Customs Board, reporting information on compensation for the use of a personal passenger car, training costs, and health promotion expenses.
Protecting company funds is not just an accounting or IT task – it is a direct responsibility of the management board
If an employer has not taken steps to ensure a psychologically safe work environment, cases involving suspected workplace bullying often end up in the labour dispute committee. If bullying is confirmed, the employer must open their wallet.
The Level 6 Senior Accountant qualification is based on the occupational standard established by the Estonian Association of Accountants, describing the skills, knowledge, and attitudes required for the role. It covers financial, managerial and tax accounting, reporting, budgeting, and advisory work. Applying for the certificate requires practical work experience and professional training.
The new year will bring changes to tax legislation which will affect both companies and individuals. Below is an overview of the main tax changes that will enter into force in 2026, as well as changes already adopted and entered into force during 2025.
The reduced social tax for employees with decreased work ability is an accrual-based support measure in which the Unemployment Insurance Fund pays the employer’s social tax on behalf of an employee with decreased work ability, based on a one-time application. The allowance is calculated according to the monthly social tax rate applicable to the specific calculation period (month).
According to the guidelines of the Accounting Standards Board, every accounting entity must ensure that the information presented in the annual report is fair and reliable. This also includes confirmations issued by banks regarding account balances, loans, collateral, and other financial assets and liabilities.
