Insights

E-commerce Untapped opportunities for Estonian online sellers

Goods and services are purchased constantly online in Estonia, yet our online retailers have untapped potential – we are lagging a bit behind the European Union average in cross-border online retail. It is worth putting more effort into sales of electronic goods and services to consumers in other member states, especially given that the European Commission has and will continue to simplify cross-border e-commerce, including changes in the tax system.

Kristjan Järve

| 11 Feb 2019

MERGERS AND AQUISITIONS Want total certainty? Ask for advice!

Hundreds of companies are bought and sold each year in Estonia. In the case of bigger transactions, relying on assistance from transaction advisers has become the norm, although for the sake of total certainty, it’s a good idea to bring aboard an adviser even on smaller acquisitions.

08 Feb 2019

E-commerce taxation New rules on VAT will simplify e-commerce

The European Union has adopted new rules on VAT that will simplify and facilitate e-commerce. The rules will come into effect in full on 1 January 2021, but companies that provide electronic services will be able to benefit from the rules already starting 1 January 2019.

20 Dec 2018

Mergers and aquisitions How to acquire a company so you won’t regret it later?

This year, a number of large-scale purchase and sale transactions have provided much fodder for discussion in the media – Nelja Energia, Luminor and Utilitas are three examples. The large transactions always stand out, but this year has seen many mid-sized and small company acquisitions as well.

10 Dec 2018

Case Study United Motors to acquire Peugeot and Hyundai distributor

United Motors has purchased the distributor of Peugeot and Hyundai in Estonia. Grant Thornton Baltic provided advisory services for the transaction.

10 Dec 2018

Digital taxation Taxation of the digital economy still unclear

International commerce is increasingly digital. But the global taxation system is still aimed at traditional “brick and mortar” needs. The action plan of the OECD’s package of measures to combat base erosion and profit shifting (BEPS) acknowledges the need for modernisation. This has been partly achieved after the BEPS Action Plan was released in October 2015.

Kristjan Järve

| 06 Sep 2018

International taxation New guide on transfer pricing

Grant Thornton has released a new guide to help international entrepreneurs navigate transfer pricing regulations in different countries.

31 Aug 2018

the Commercial Code Estonian companies managed from abroad must designate contact person

Effective 15 January 2018, an amendment to the Commercial Code comes into force requiring all Estonian companies whose management board is located abroad to appoint a contact person in Estonia.

07 Jan 2018

Case study Military vehicle maintenance company was sold to the Finns

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.

16 Oct 2017

Case study Estonian BMW dealership changed hands

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.

16 Jun 2017