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Accounting doesn’t have to be routine. Discover how diverse clients, projects and systems can bring variety and new opportunities for professional growth.
IFRS 18, income statement, financial reporting, IAS 1, management-defined performance measures, MPM, KPI, comparative information, IFRS 18 implementation.
The taxation of salaries paid to local employees of foreign embassies often raises questions in practice. In particular, it may be unclear why income tax is not withheld from the salary, why the salary is declared in Annex 1 to the TSD tax return using payment type 11, and why the employee must pay the income tax themselves.
The taxation of salaries paid to local employees of foreign embassies often raises questions in practice. In particular, it may be unclear why income tax is not withheld from the salary, why the salary is declared in Annex 1 to the TSD tax return using payment type 11, and why the employee must pay the income tax themselves.
From a taxation and accounting perspective, gift cards are not merely payment instruments. Their treatment depends both on the type of gift card and on whether the card is sold or given away free of charge. Therefore, now is a good time to revisit when and how gift cards should be taxed and how they should be properly recognised in accounting.
The taxation of passenger cars in Estonia mainly depends on who owns the car, how it is used for business purposes, and whether private use is allowed. The Tax and Customs Board follows the principle that not only the actual use of the car matters, but also the possibility of private use.