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Grant Thornton Baltic announced on 1 April that it has proposed considering the partial privatisation of the Estonian Information System Authority (RIA) and, in cooperation, creating a new information system, MinuKüTS. The aim is to help companies finally understand which cybersecurity and information security requirements actually apply to them and what obligations they must fulfil.

This AI assistant helps assess whether an employment contract complies with applicable labour law and identifies potential risk areas. It is suitable for anyone who wants to perform an initial review of an employment contract document (in PDF or Word), detect shortcomings, and reduce legal risks before using or signing the contract.

Last year, the international standards for small and medium-sized entities were updated. These standards also form the basis for Estonian accounting guidelines. Local rules will soon change as well. The most significant amendment relates to the accounting treatment of returned goods.

On 13 February, amendments to the Employment Contracts Act entered into force, opening the door to more flexible work organisation and providing employees and employers with an innovative opportunity to conclude flexible working time agreements.

As of 15 May 2024, a legislative amendment entered into force that allows employers to pay voluntary sickness benefits to employees under more favourable conditions than before. So far, this change has received relatively little attention, yet its implementation enables employers to make a significant contribution to employee well-being.

The year 2026 will bring several significant tax changes across the Baltic States, affecting both businesses and individuals. In this overview, Grant Thornton Baltic tax experts summarise the key tax developments in Estonia, Latvia and Lithuania – covering income tax, VAT, social taxes and excise duties, among others.

At the beginning of 2025, the International Accounting Standards Board (IASB) adopted an updated consolidated text of the International Financial Reporting Standard for Small and Medium-sized Entities (IFRS for SMEs). The updated IFRS for SMEs therefore necessitates a review and update of the EFS and the RTJ guidelines.

The new year will bring changes to tax legislation which will affect both companies and individuals. Below is an overview of the main tax changes that will enter into force in 2026, as well as changes already adopted and entered into force during 2025.

The Estonian Parliament has approved several amendments affecting employment relationships. Many of these will enter into force over the coming year and will alter the content of agreements related to work arrangements. This article provides an overview of the changes that will most significantly impact both employers and employees.

The Defense Tax Act, adopted at the end of last year and widely debated due to the proposed taxation of corporate profits, has been repealed. Instead, permanently increased tax rates will now apply to value-added tax (VAT), income tax, and business income tax.

E-invoices are a useful tool for every accountant to avoid mistakes caused by human error, which waste time and money. There are also many other business advantages to "selling" e-invoicing to a manager or client.

From 1 July 2025 the standard VAT rate will be 24%.

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.

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.

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.

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.