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Reminder – the VAT rate is set to increase soon!
Tax Reminder – the VAT rate is set to increase soon!
From 1 July 2025 the standard VAT rate will be 24%.
Jaana Sild Grant Thornton Baltic
Jaana Sild
| 2 min read | 16 May 2025
The Tax and Customs Board expects a clear business justification for the transaction
Tax The Tax and Customs Board expects a clear business justification for the transaction
Kristjan Järve and Madis Laas discussed the necessity of the recently published guidelines by the Tax and Customs Board and the process of their preparation in the show "Kasvukursil".
Kristjan Järve
Kristjan Järve
| 3 min read | 14 May 2025
Lithuania’s 2026 tax reform – what to expect? (updated 30.05.25)
Tax Lithuania’s 2026 tax reform – what to expect? (updated 30.05.25)
Lithuania is planning a comprehensive tax reform for 2026 aimed at strengthening national defense funding and supporting economic development. Grant Thornton Lithuania tax specialist Vykintas Valiulis has prepared a detailed overview on the topic.
Vykintas Valiulis
Vykintas Valiulis
| 6 min read | 07 May 2025
Outsourced accountant won't let you down
Outsourcing services Outsourced accountant won't let you down
When outsourcing accounting services, you can be sure that the work won't be left undone in case the accountant falls ill or goes on vacation.
Gaily Kuusik
Mart Nõmper
| 4 min read | 14 Apr 2025
Quick guide: common standards and certifications in the world of information security
Information security services Quick guide: common standards and certifications in the world of information security
The field of information security seems like a labyrinth full of abbreviations lately: NIS2, DORA, ISO 27001, E-ITS, SOC 2. Therefore, I will briefly advise on how to navigate information security regulations, standards, audits, and certifications.
7 min read | 11 Apr 2025
Will sustainability reporting be easier in the future?
Omnibus package Will sustainability reporting be easier in the future?
On 26 February 2025, the European Commission (EC) released a new package of proposals (the Omnibus) to amend some key pillars of the European Green Deal. The overall goal of the Omnibus is to reduce reporting burdens, particularly for smaller and mid-sized entities, and increase efficiency in sustainability reporting.
6 min read | 11 Apr 2025
The many faces of sustainability
Sustainability services The many faces of sustainability
In recent months, there has been much discussion about reducing the reporting burden of sustainability for companies and the European Commission's desire to simplify reporting.
4 min read | 04 Apr 2025
What is the Estonian information security standard E-ITS and what approach to take?
Information security services What is the Estonian information security standard E-ITS and what approach to take?
The Estonian information security standard (E-ITS) is an Estonian-language standard compatible with the Estonian legal system and developed for ensuring protection for business processes and information systems used for fulfilling public functions.
5 min read | 27 Mar 2025
The first three months of the whistleblower reporting channel – how has it gone?
Whistleblower channel The first three months of the whistleblower reporting channel – how has it gone?
We are already three months into 2025. Establishing a whistleblower channel has been obligatory for all companies with more than 50 employees for exactly that long – a requirement that stems from the Whistleblower Protection Act.
Eliis Talisainen
Eliis Talisainen
| 4 min read | 14 Mar 2025
Can Omnibus help us out of the bureaucratic tangle?
Omnibus Package Can Omnibus help us out of the bureaucratic tangle?
On 26 February, the European Commission released significant proposals for easing the European Union’s sustainability rules. Called the Omnibus Package, the proposals covers the Corporate Sustainability Reporting Directive (CSRD), the Corporate Sustainability Due Diligence Directive (CSDDD) and EU Taxonomy regulations.
4 min read | 11 Mar 2025
Three women’s journey to the top
Women in business Three women’s journey to the top
This International Women’s Day, we shine the spotlight on our newest female leaders—this season, Grant Thornton Baltic’s Estonian office welcomed three new women partners. How did Gaily Kuusik, Terje Liiv, and Anni Vaiksaar reach senior management, and what unique values do they believe women can bring to leadership?
Gerli Soosalu
Gerli Soosalu
| 9 min read | 06 Mar 2025
What is DORA and what should you know about it?
Information security services What is DORA and what should you know about it?
The Digital Operational Resilience Act (DORA), which came into effect on January 17 this year, aims to prevent cyber threats and reduce the impact of incidents on businesses and the broader European financial sector.
Ines Junti
Ines Junti
| 3 min read | 28 Feb 2025
Advice from an auditor: even if you’re running late, at least get half of the ESG report done
ESG audit Advice from an auditor: even if you’re running late, at least get half of the ESG report done
Companies are running out of time to start this year’s ESG report process – in fact, a business starting today might not make it in time. “That doesn’t mean they should just forgo submitting a report. It’s worth making the effort and getting at least half of it done,” said Grant Thornton Baltic partner and Head of Audit and Assurance Services Mart Nõmper.
Anni Vaiksaar
Mart Nõmper
| 5 min read | 06 Feb 2025
Auditing ESG reports helps avoid greenwash
ESG audit Auditing ESG reports helps avoid greenwash
It is becoming more accepted that companies should not only focus on their own main goal – earning a profit – but also consider the environmental and social impact of their activities.
Gerli Soosalu
Gerli Soosalu
| 9 min read | 05 Feb 2025
Number of companies required to get an audit set to decrease this year
Audit Number of companies required to get an audit set to decrease this year
A long-awaited legislative amendment has finally arrived: the thresholds for audit and review obligation will rise by 25%.
Mart Nõmper
Mart Nõmper
| 4 min read | 21 Jan 2025
Confusion surrounding Whistleblower Protection Act falls on entrepreneurs’ shoulders
Whistleblower Protection Act Confusion surrounding Whistleblower Protection Act falls on entrepreneurs’ shoulders
The Whistleblower Protection Act, which came into effect on September 1, 2024, protects employees, shareholders, and clients in the event of corporate misconduct, but there is still confusion in certain situations about how to interpret the law precisely.
Eliis Talisainen
Kristel Tiits
| 6 min read | 16 Jan 2025
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