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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
Sustainability Tips for maximizing the longevity of a family business
Something that family businesses should consider besides earning a profit is maintaining mutual relations between family members and devoting attention early
Transfer pricing Transfer pricing in case law: Finnish tax authority vs. A Oy
In the case of the Finnish tax authorities and A Oy, we can see how incompetent preparation of transfer pricing documentation can create a large administrative
Tax Transfer pricing 2020 – three problems and three solutions
The restrictions established due to the COVID-19 pandemic have disrupted transfer pricing within international corporations. Even if the restrictions were to
Our news Grant Thornton Baltic has new partners in Estonia and Lithuania
In autumn 2020, Grant Thornton Baltic expanded its circle of partners, giving two long-term employees in Estonia and two in Lithuania the opportunity to have a
Legal The debtors are not obliged to submit bankruptcy petitions in the coming months
The amendment of Bankruptcy Act entered into force, where the commencement of the term of the obligation to submit bankruptcy petition shall be suspended for
Legal The minimum nominal value of a share in private limited company shall become one cent
From the 1st of July 2020 the changes of the commercial code state, that the minimum nominal value of a share is one cent instead of one euro, with the result
Reorganization Grant Thornton Baltic advises AS Baltika in reorganization proceedings
Grant Thornton Baltic advises AS Baltika in reorganization proceedings. Grant Thornton Baltic’s team consists of partner Artur Suits, head of financial
Legal Who and under what conditions receive unemployment benefit?
Temporary subsidies from the Unemployment Insurance Fund will be paid to those employees who are working under an employment contract and whose employers are
Intellectual property How to protect copyright in employment relationships?
In simple terms, copyright is the right over intellectual property. Copyright is gained automatically and requires no separate registration or other completion
Transaction advisory Important fact to remember when selling your shareholding in a company
In most countries, including Finland, Norway and Denmark, there are no form requirements for a sales contract of a share, yet Estonian law requires the
Company set up in Estonia The return of a contribution upon founding a private limited company
A private limited company in Estonia can be founded with or without making a contribution. Only individuals have the option of starting a company without
Leadership The CFO as the company’s digital innovation leader
The technology-centred, open economy is changing at light speed and finding a sustainable competitive edge is an ever sterner test for the business community.
Assurance What ensures a good auditor-client working relationship?
An annual audit is an indispensable resource for obtaining assurance that a company’s financial statements and accounting is free from material misstatements.
Case study Lithuanian company EUGESTA aqcuired well-known Estonian coffee equipment vendor
In spring 2019 Grant Thornton Baltic provided advisory services to Lithuanian company EUGESTA Latvian unit EUGESTA un Partneri SIA for purchasing KAFO Eesti
Business Risk Services How much does internal audit cost?
Organisations and companies that are required by law to conduct an internal audit often ask: is it more economical to establish an internal position at the
Commercial Code What happens if a company gives a loan to a board member or shareholder?
A situation where a company gives or guarantees a loan to a shareholder, partner or board member comes up all the time. Yet the Commercial Code does set out
Case study Transaction advisory: Balti Spoon OÜ acquires Polish veneer factory
Grant Thornton Baltic advised Balti Spoon OÜ, one of the world's leading manufacturers of peeled and sliced veneer, on the acquisition of a Polish company