In general, a company's expenses depend on the type of business. If a company owns a restaurant, food expenses are common, but if the company provides IT services, it can't have food expenses. In other words, such expenses would not be considered activity-related and would be taxable. But how do you know which expenses a company can have and which can' t?
How to work with freelancers from other countries?
Nowadays, no one is surprised that companies at any time need foreign employees who can provide their services cheaper and faster than local companies. That is why in recent years more and more electronic services have been ordered by Estonian companies from freelancers all over the world. How to properly deal with them, so that everything is done correctly and there are no additional tax requirements from Estonia?
Which invoices and cheques can be offset against value added tax?
There are two different views among accountants in Estonia about which invoices and cheques can be offset against value added tax. The first group of accountants believes that on any expense account or cheque it is sufficient to write the company details by hand. The second group believes that the invoice or cheque should contain the details of the client's company on the supplier's side.