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Looking at the bigger picture, we should ask whether our already scarce workforce will not increasingly seek employment abroad, as a majority of industrialized countries are also suffering from workforce shortages.

Reminder: main changes in tax legislation in 2017

Major changes in tax legislation in 2018

Companies trading with financial instruments should apply for an LEI code now, as in the absence of one they are not able to buy and sell securities listed on stock exchanges as of 3 January 2018. It means that all companies who trade assets such as shares, bonds or derivatives on securities markets through an investment service provider (such as banks) will have to apply for an LEI code.

Grant Thornton Baltic offers the possibility to outsource data protection officer service. Developed in line with the European Union’s Guidelines on Data Protection Officers, the service charges a monthly flat fee that is significantly more cost-effective for companies than recruiting an expert for their own team.

The new system for calculating the basic income tax exemption that comes into force next year requires a compromise to be reached between employees and employers.

What happens if a cyber criminal manages to gain access to critical systems in the "smart house"?

On 1 January 2018, a new Labour Dispute Resolution Act (hereinafter referred to as TVS by its Estonian acronym) will enter into force, supplanting the Individual Labour Dispute Resolution Act (hereinafter ITVS) in force up to 31 December.

In October, a Finnish company acquired the majority shareholding in the Milrem LCM OÜ, a company that provides maintenance and repair work for Estonian Defence Forces armoured vehicles and other military vehicles.

Grant Thornton Baltic advised the sale of AS United Motors vehicles retail business in Estonia. BMW and KIA vehicles retail business, vehicle parts and accessories retail business, maintenance and repair of motor vehicles in Tallinn, Tartu, Pärnu and Kohtla-Järve were sold to Inchcape Motors Estonia OÜ. GTB advised the seller AS United Motors on legal, financial and tax due diligence performed by the buyer, and carrying out the transaction. GTB had a remarkable role in negotiating the terms and price of the transaction.

Handling cash – requirements that tend to be forgotten

Estonia’s entrepreneur of the year: the biggest risk is laziness

Optimism of entrepreneurs is record high

A bronze medal for Estonia’s female execs!

Estonia taking over EU Presidency: great opportunity to foster digital technology innovation

Passing the torch smoothly in a family business