Accounting support for Estonian companies
We help companies in Estonia manage their accounting, prepare financial and tax reports, and communicate with tax authorities. Our accounting services for Estonian companies include bookkeeping, preparation of tax and financial statements, and consultations on compliance with local regulations and reporting requirements
WoBorders is an independent private consulting company. We provide advisory and administrative support and are not affiliated with any government authority or official registry
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years of experience in international business consulting and structuring
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Reliable accounting support for companies in Estonia
We handle bookkeeping, tax reporting, and communication with tax authorities, so your business can focus on growth
Minimum monthly accounting service fee
Average accountant response time to a client request
Guarantee of accurate bookkeeping and reporting
≈5 hours per year. The average time businesses in Estonia spend on tax procedures
The cost of accounting services in Estonia for a company with a VAT number
The cost depends on the number of accounting documents per month, such as invoices, bank statements, and other financial records. The final price may vary depending on the actual volume of documents and the promptness with which they are provided to the accountant
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€80/month
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€120/month
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€170/month
Accounting services are provided under an accounting service agreement. The agreement defines the scope of services, the communication process, timelines, and the parties' responsibilities. To maintain accounting records, the company provides the accountant with primary documents such as invoices, bank statements, and contracts.
Need accounting support in Estonia?
We will help assess the required scope of services, explain the process, and select the most suitable format of cooperation
How does our accounting support in Estonia work?
Accounting support in Estonia is a regular process of cooperation between the company and the accountant. It includes submitting documents, maintaining accounting records, calculating taxes, preparing reports, and, if necessary, communicating with tax authorities.
Advantages of accounting services in Estonia with WoBorders
We help companies in Estonia manage accounting, prepare reports, and communicate with tax authorities. We work with international businesses, take into account the specifics of Estonian legislation, and provide convenient communication for our clients
Book a free consultation on accounting in Estonia
Your consultant
Ivan Chebotarov
CEO & co-Founder
Describe your case
We will assess the required scope of accounting services, identify the required documents, and provide guidance on timelines and estimated costs. We respond during business hours, usually within 15 minutes
What our clients say about WoBorders
Frequently asked questions about reporting and accounting services in Estonia
Is it mandatory for an Estonian company to have an accountant?
Yes. Every company in Estonia is required to maintain accounting records and submit financial and tax reports. This can be handled by an in-house accountant or outsourced to an accounting firm.
How is accounting maintained for an Estonian OÜ company?
Accounting includes recording all of the company’s financial transactions, such as invoices, payments, expenses, and bank transactions. Based on this data, tax returns and financial reports are prepared in accordance with Estonian legal requirements.
When must a company register for VAT in Estonia?
A company must register for VAT if its annual turnover exceeds €40,000. Registration may also be required earlier if the company works with clients or suppliers in other EU countries. If the company is not VAT-registered, monthly VAT reporting is usually not required.
What are the deadlines for submitting accounting and tax reports in Estonia?
The main deadlines are as follows:
– Annual financial statements must be submitted within 6 months after the end of the financial year
– VAT returns are submitted monthly by the 20th day of the month
Specific deadlines may vary depending on the company’s business activities.
What documents must be kept for accounting purposes?
The company must keep primary documents confirming its financial transactions, including:
– incoming and outgoing invoices
– bank statements
– contracts
– completion certificates or service acceptance acts
– expense-related documents
Such documents usually must be retained for at least 7 years.
Is reporting required if the company temporarily has no business activity?
Yes. Even if the company is temporarily inactive, it must still submit zero reports. This is a standard requirement for legal entities in Estonia.
What is the liability for the late submission of reports?
Late submission of reports may result in fines. The amount depends on the type of violation and the length of the delay and may range from approximately €200 to €3,200, depending on the specific case.
What expenses can be recorded in the accounting of an Estonian OÜ company?
A company may record expenses directly related to its business activities. For example:
– office rent
– equipment purchases
– software
– professional services
– business travel expenses
The tax treatment of certain expenses may have specific requirements, so it is advisable to review them with an accountant.
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