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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
Amended Version of the Defense Tax Act
Tax Amended Version of the Defense Tax Act
On December 11 2024, the Parliament of Estonia passed the Defence Tax Act, which will apply to individuals, companies, and non-residents earning taxable income in Estonia.
Urzula Välb
Urzula Välb
| 5 min read | 17 Dec 2024
Packaging undertakings, be prepared for audits of packaging reporting!
Audit Packaging undertakings, be prepared for audits of packaging reporting!
Whether the 2024 packaging report needs to be audited depends on whether the most recent audited packaging report was for 2020 or 2021.
Tarmo Rahkama
Tarmo Rahkama
| 4 min read | 16 Dec 2024
We’re overcontrolling currently: reporting has become a burden for society
Audit We’re overcontrolling currently: reporting has become a burden for society
How has the auditors’ market changed and why is it hard to find sufficiently qualified specialists? What sorts of trends will global competition, workforce shortage and sustainability reporting requirements bring about?
Mart Nõmper
Mart Nõmper
| 8 min read | 02 Dec 2024
The defense tax comes with treacherous pitfalls, but some can be sidestepped
Tax The defense tax comes with treacherous pitfalls, but some can be sidestepped
The details of the defense tax that will take a bite out of corporate profits appear to be rife with inequality and unfairness, and a closer look reveals situations where taxes must be paid by those who haven’t turned an actual profit.
Kristjan Järve
Martin Luik
| 7 min read | 29 Nov 2024
Teleworking White Book: state of the art in 15 countries
Labor law Teleworking White Book: state of the art in 15 countries
An overview of remote work developments in 15 countries before, during and after the Covid-19 pandemic.
1 min read | 25 Nov 2024
Overview of 2025–2026 tax changes
Taxes Overview of 2025–2026 tax changes
Tax changes that await in 2025 onwards.
Jaana Sild Grant Thornton Baltic
Jaana Sild
| 15 min read | 31 Oct 2024
Please meet: our new partners!
Our news Please meet: our new partners!
This fall, a record of six new partners joined Grant Thornton Baltic. Four of them are from our Estonian company and one each from Latvia and Lithuania. Now we have a total of 21 partners.
Less than a minute | 22 Oct 2024
Obligations related to the Global Minimum Tax in Estonia
Tax Obligations related to the Global Minimum Tax in Estonia
Starting 1 January 2024, a global minimum tax obligation is in effect for large multinational enterprise groups with consolidated revenue of more than 750 million euros in European Union member states and many third countries (such as UK, Switzerland, Canada, Australia, Singapore etc.)
Urzula Välb
Urzula Välb
| 5 min read | 16 Oct 2024
Defense tax on corporate profits: preparations should begin this year
Tax Defense tax on corporate profits: preparations should begin this year
On 25 September 2024, the Estonian government submitted a draft law on the defense tax to the Parliament, which introduces a temporary defense tax consisting of three components, including a 2% tax on corporate profits. Most companies will have to pay the defense tax for the first time on 10 September 2026.
Urzula Välb
Kristjan Järve
| 9 min read | 16 Oct 2024
Studying management in Vietnam
Travelogue Studying management in Vietnam
Grant Thornton pays great attention to training managers, and Kristel Tiits (Head of Legal) and I had the opportunity to participate in Grant Thornton International's year-long management training program, where one session took us to Vietnam.
Gaily Kuusik
Gaily Kuusik
| 8 min read | 03 Sep 2024
IT tools for analysing consumers’ financial solvency – additional support or a source of doubt?
Business Risk Services IT tools for analysing consumers’ financial solvency – additional support or a source of doubt?
Matters concerning evaluation of the creditworthiness of consumers have returned to the focus during the last year. Discussions revolve around consumers’ increased loan burden and share of loans in default; there is lobbying for additional support from the establishment of a positive credit registry, and the Financial Inspectorate has started getting tougher with fines on market participants who don’t abide by the rules.
6 min read | 29 Aug 2024
Eliis Mets
Whistleblower channel What do businesses have to consider when the Whistleblower Protection Act enters force?
The main goal of the channel is to give employees a possibility of confidentially reporting violations. Employees must have a way of doing so orally, in writing or both. It is considered important to consider the nature of the company and its workforce.
Eliis Talisainen
Eliis Talisainen
| 3 min read | 23 Aug 2024
Which financial sector companies are required to conduct an internal audit?
Internal audit Which financial sector companies are required to conduct an internal audit?
Those operating in the financial sector are bound by various laws along with requirements for internal audit arising from those laws. In addition, the Auditors Activities Act governs the provision of internal audit service, defining who is allowed to be engaged in the professional activities of an internal auditor.
Kristina Mjasojedova Grant Thornton Baltic
Kristina Mjasojedova
| 3 min read | 23 Aug 2024
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