Reports & Taxes
Once we submit your business's VAT and TSD reports, you may be required to pay taxes as a result of the operations performed by your business during the period.
Suppose you collected more VAT from customers than you paid for. You will need to pay the remaining VAT to the authorities after submitting the VAT report.
If you distributed dividends or paid salaries to members of the board or Estonian employees, you will need to pay taxes (the TSD report).
Don't worry! Our accounting team will calculate how much taxes you have to pay and send you precise instructions on how and when to pay them. This implies a bank transfer to the Tax Office's bank account with a specific reference number unique to your company.
Remember the critical dates, though:
The TSD reports and due tax payments must be completed by the 10th of the month.
The VAT reports and due tax payments must be completed by the 20th of the month.
Suppose you collected more VAT from customers than you paid for. You will need to pay the remaining VAT to the authorities after submitting the VAT report.
If you distributed dividends or paid salaries to members of the board or Estonian employees, you will need to pay taxes (the TSD report).
Don't worry! Our accounting team will calculate how much taxes you have to pay and send you precise instructions on how and when to pay them. This implies a bank transfer to the Tax Office's bank account with a specific reference number unique to your company.
Remember the critical dates, though:
The TSD reports and due tax payments must be completed by the 10th of the month.
The VAT reports and due tax payments must be completed by the 20th of the month.
Updated on: 08/02/2024
Thank you!