Articles

Doing Business in Estonia

Estonia is known in Europe as a place where you can easily start and do business, keep it running from remote sites using developed IT and banking infrastructures, incur low administration costs compared to other EU countries and enjoy tax reliefs on corporate income. Take a brief look how to start business in Estonia and what regulation might be applicable: Establishing business You can establish a business in the forms commonly adopted in EU countries from self-employed entrepreneurs to public joint stock companies. The most usual form is Limited Liability Company (LLC or OÜ in Estonian)...

Changes in Estonian legislation 2014

Amendments to the Income Tax Act Investment funds regulation in Income Tax Act will be harmonized between Estonian and foreign investment funds. To the Income Tax Act will be added chapter 5 1 about contractual investment funds income taxation. https://www.riigiteataja.ee/akt/114022013001 Since 1. January 2014 the „contractual investment fund” will be added to the taxpayer definition. Amendments to the VAT Act Since 01.01.2014 the possibilities to verify tax-free sales are extended and when the amendments take effect it is possible to prove export with electronic certificate. Alcohol, Tobacco...

Changes in Ukrainian transfer pricing regulation

On 1. September Ukraine entered into force new transfer pricing regulations, which are essentially quite similar to OECD guidelines and therefore it can be assumed that the Ukrainian transfer pricing policy is now looking towards regulations developed by the OECD. However, there are still some differences between Ukraine and OECD transfer pricing concept, but despite that, Ukrainian regulations are quite similar to the existing rules which are used in many countries. While analyzing Ukrainian transfer pricing regulations, it is important to pay attention to the fact that in addition to the...

Pages