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Changes were made to the regulations of tax havens
Tax Changes were made to the regulations of tax havens
As of 1 July 2021, in addition to the term “low-tax territory”, the term “non-cooperative jurisdiction” has appeared in the Income Tax Act. The amendment is related to the European Union's safeguard measures aimed at preventing tax evasion in transactions with companies located in so-called tax havens.
Urzula Välb
Urzula Välb
| 2 min read | 20 Dec 2021
We advised international insurance broker Howden on entering the Estonian market
Case study We advised international insurance broker Howden on entering the Estonian market
Grant Thornton Baltic advised Howden Finland Oy, the market leader in Finland and part of the international group Howden Broking, on the acquisition.
2 min read | 20 Dec 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
Key changes in tax legislation in the Nordic Baltic region in 2021
Tax Key changes in tax legislation in the Nordic Baltic region in 2021
In the beginning of the year, several tax changes were introduced in Nordic-Baltic region. In addition we shall highlight tax rates applicable in the Nordic-Baltic region as of 2021.
1 min read | 21 May 2021
Global transfer pricing guide – new tool for international companies
Transfer prices Global transfer pricing guide – new tool for international companies
Grant Thornton has released a new guide to help international entrepreneurs navigate transfer pricing regulations in different countries and keep up with recent changes.
01 Mar 2021
The nine steps for determining transfer pricing
Transfer pricing The nine steps for determining transfer pricing
Enterprises conducting transactions with related parties, such as companies in the same group or persons related to the owners of the company, must take into consideration domestic and international transfer pricing rules. The idea of transfer pricing rules is to prevent related persons from agreeing to sell each other goods and services at lower or higher than market price, thereby also transferring profit and income tax base.
27 Aug 2019
Olle Tischler Grant Thornton Baltic Artikkel Ettevõtete kasv Milrem
International expansion The formula for rapid growth
Estonian entrepreneurs will develop an opportunity to grow significantly only if they are able to expand to foreign markets, says Kuldar Väärsi, the CEO of defence contractor Milrem Robotics.
25 Mar 2019
Want total certainty? Ask for advice!
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
Business
Business
Entrepreneurs believe the hard times are past and increasing turnover and profit will also lead many countries’ economic growth to faster recovery. A survey conducted by tax and business advisory firm Grant Thornton among business people in 36 countries found that business optimism is at a two-year high.
20 Apr 2018
Learn about indirect taxes in various countries
Indirect tax Learn about indirect taxes in various countries
Indirect tax
Kristjan Järve
Kristjan Järve
| 14 Jun 2016
Building tomorrow's $bn businesses
Technology Building tomorrow's $bn businesses
Building tomorrow's $bn businesses
18 Jan 2016
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.
09 Jun 2015
Transfer prices must be reviewed every year
Transfer pricing Transfer prices must be reviewed every year
Many companies in the process of preparing annual reports for the last year find themselves facing the need to recognize transactions between related parties.
Kristjan Järve
Kristjan Järve
| 09 Jun 2015