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Audit
IFRS Interim Example Financial Statements 2022
The sample of Grant Thornton's recent interim report with comments has been prepared in accordance with all the latest amendments to IFRS and is a good assistant in preparing IFRS interim reports.
Payroll Home
Parental benefit
Calculation of parental benefit to change starting 1 September
The calculation of tax-exempt income changed in 2018. To avoid the obligation to pay additional income tax on the basis of tax returns, more attention must be paid to which categories of income are counted toward taxable annual income. One taxable type of income is the parental benefit, which will be calculated under new principles starting 1 September of this year.
Legal
Amendments to Employment Contracts Act enter into force on 1 August
The European Union directive on transparent and predictable working conditions has been transposed into national law. The corresponding amendments come into force on 1 August 2022, but it would be a good idea for employers to start preparing for this date already.
Data protection
Know the rules for video surveillance
Video surveillance is used on streets, vehicles, shops, offices – pretty much everywhere. Whenever anyone leaves home – and as soon as they close the door behind them – they can wind up on someone else’s camera footage. Even when hiking in the woods, it’s possible to be captured by a wildlife camera.
Case study
We advised German company RAUMEDIC
Grant Thornton Baltic OÜ advised German company RAUMEDIC AG on the acquisition of aktsiaselts A&G. RAUMEDIC AG is a leading developer and manufacturer of systems and components and a partner to medical and pharmaceutical industries. Core business of aktsiaselts A&G is production of medical supplies.
Besides companies, we also advise individuals on taxation of personal income. We advise both residents and non-residents, represent the client at the Tax and Customs Board (if necessary), assist with restructuring and declaration of different types of assets, etc.
Most often the advice is needed on following topics:
- Sale and restructuring of assets (incl. real estate, securities, crypto assets)
- Classification and reporting crypto transactions
- Reporting investment portfolio, including foreign investment portfolios, investment account transactions, etc
- Reporting foreign income, elimination of double taxation
- Tax advice related to cross-border employment and moving to another country
- Taxation and reporting income from shareholdings, including dividends from foreign companies, income from foreign (tax-transparent) partnerships, equity payments, etc
- Calculation and reporting capital gain related to employer's option programs and other share based incentives
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