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Kai Paalberg Grant Thornton Baltic
Whistleblowing Whistleblowing and reporting misconduct
The law transposes the EU directive into Estonian law and entails an obligation for organizations to create internal and external reporting channels for reporting internal misconduct. The infringements that whistleblowers can report are very different - breaches of procurement procedures, internal fraud, breaches of environmental requirements, and so on.
Kai Paalberg
Kai Paalberg
| 4 min read | 09 Sep 2021
Transfer pricing in case law: use of comparison data to determine transfer price
Transfer pricing Transfer pricing in case law: use of comparison data to determine transfer price
The Danish tax authority increased the taxable income of Tetra Pak Processing Systems A/S due to shortcomings in transfer pricing documentation and continuous losses. The Danish Supreme Court reached the conclusion that the transfer pricing documentation filed by the company did not meet the requirements as the documentation lacked a competent comparability analysis.
4 min read | 19 Aug 2021
Deadline for workplace risk assessments is approaching
Legal Deadline for workplace risk assessments is approaching
Under the Occupational Health and Safety Act, employers must compile a risk assessment of the working environment. It is mandatory for employers who have at least one employee (security institutions excluded).
Kristel Tiits
Kristel Tiits
| 2 min read | 18 Aug 2021
Documenting transfer prices to keep tax risks under control
Transfer pricing Documenting transfer prices to keep tax risks under control
Maintaining proper accounting on transfer prices and documenting the reasoning for conformity to market value is in the interests of every enterprise, as it avoids tax risks. In preparing documentation, the requirements of legal acts should be considered along with the specific company’s risks and needs.
03 Aug 2021
Inclusively leading through change
Leadership Inclusively leading through change
In the post-pandemic landscape, a new model of leadership will be needed to enable organisations to thrive. Engendering innovation, collaborating and communicating across the business, and adapting to change have become operational necessities, while empathy and inclusion are the keys to team performance.
3 min read | 04 Jul 2021
What future awaits the Automotive Industry?
Automotive industry What future awaits the Automotive Industry?
The Automotive Industry is one of the sectors in which very large investments are being made. Although the coronary pandemic has caused serious disruption to car production, which accounts for the main share of the car industry, the sector as a whole is making significant progress in the coming years.
Less than a minute | 11 Jun 2021
3 suggestions on how to return to normal working life
Human resource mnagement 3 suggestions on how to return to normal working life
It has been a year and a few months since the coronavirus turned a new page in world history and exploded all comfort zones. Since that time, Estonia has beaten back two waves of the virus, and like last spring, we are now facing a calmer period. But this brings up new questions – how to return little by little to ordinary working life and juggle the needs of companies and employees while taking into account the way work will be organized in future.
Marge Litvinova
Marge Litvinova
| 7 min read | 10 Jun 2021
Grant Thornton Baltic saade Kasvukursil Äripäeva raadios
Tax European tax reform brings savings to companies
Companies that sell physical goods to European countries all too often have to grapple with the destination country’s complicated VAT system, but in summer 2021, the situation will become simpler and the administrative expenses related to declaration of taxes will decrease.
Kristjan Järve
Kristjan Järve
| 4 min read | 09 Jun 2021
Transfer pricing: OECD supplements guidance on financial transactions
Tax Transfer pricing: OECD supplements guidance on financial transactions
The OECD (Organisation for Economic Co-operation and Development) regularly updates its 2017 transfer pricing guidance. It is worth keeping up to date with the OECD guidelines because transfer pricing regulations in Estonia and many other countries rely on the OECD’s guidelines.
8 min read | 10 May 2021
New guide provides tips for conducting a public procurement to contract for audit services
Audit New guide provides tips for conducting a public procurement to contract for audit services
A new guide has been produced by the Auditors’ Association and the Ministry of Finance for public sector entities conducting procurements for audit services. The manual can also be useful for private sector companies.
1 min read | 07 May 2021
Error-strewn data in the Commercial Register
Audit Error-strewn data in the Commercial Register
Analysis of the correctness of data in the Commercial Register uncovered an astonishing fact: the Commercial Register data on auditors of companies contained many mistakes.
1 min read | 06 May 2021
Key business questions facing technology companies in 2021
Technology sector Key business questions facing technology companies in 2021
The sudden surge in remote working, online shopping, digital health and virtual learning boosted demand for business technology and communications solutions. At first glance, the future of technology companies may seem cloudless, but in fact, many of them predict that customer orders will decrease in the future. Find out, what challenges the technology sector is facing in the near future:
Less than a minute | 28 Apr 2021
The Estonian Auditors’ Association has made suggestions for development of the Commercial Register.
Assurance The Estonian Auditors’ Association has made suggestions for development of the Commercial Register.
The representatives of the board of the Auditors’ Association met Secretary General of the Ministry of Justice Tõnis Saar and Deputy Secretary General of the Ministry of Justice Viljar Peep in February on the topic of developing the Commercial Register and updating register data.
Mart Nõmper
Mart Nõmper
| 2 min read | 07 Apr 2021
Women, men and equality
Women in Business Women, men and equality
The international business advisory network Grant Thornton has been conducting research on this topic for 17 years, and the results show that the number of female executives has gradually grown each year, but this year’s study revealed that only 31% of executives around the world are female.
Mati Nõmmiste Grant Thornton Baltic juhtiv partner
Mati Nõmmiste
| 4 min read | 08 Mar 2021
Key changes in taxation of temporary agency work came into force
Tax Key changes in taxation of temporary agency work came into force
Based on the rules in force until the end of 2020, Estonia was entitled to tax wages of non-residents starting from day one if the entity making the payment was located in Estonia. If the payer was located abroad, , the right of taxation in Estonia arose only if the employee had been in Estonia for the purpose of employment for 183 days.
Urzula Välb
Urzula Välb
| 17 Feb 2021
Consolidation and Brexit
Consolidation Consolidation and Brexit
It will soon be time to prepare annual reports for the financial year 2020. Estonian companies with parent companies in the UK will have to take into account new rules.
16 Feb 2021
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