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NEWSLETTERS

Have you checked the correctness of the shareholder data in the commercial register?

It is time to remind you that as of September 1, 2023, the shareholders’ list of a private limited company (“Osaühing” or “OÜ”) is generally kept by the commercial register. This means that the shareholders’ data have legal meaning and a share can be acquired in good faith by a commercial register entry. Therefore, the shareholders’ data on the registry card need to be verified.

Have you already heard about the new foreign investment control mechanism in Estonia?

In fact, starting from September 1, 2023, Estonia is implementing a foreign direct investment (FDI) background control system. This is required by the relevant Foreign Investment Reliability Assessment Act.

The new sickness benefit procedure will bring changes for employers.

The sickness benefit procedure applied before the pandemic will be reinstated from 1 July 2023, which will lead to many changes - especially for employers. In particular, the changes concern the compensation of sick days, with the number of sick days subject to compensation increasing according to the amendment.

Amendments to the Estonian Commercial Code and the new separate Commercial Register Act

An important date for private legal persons established under Estonian law is 1 February 2023, when the Commercial Register Act enters into force. There will be substantial amendments to the current Commercial Code, whereby the provisions governing the commercial register are being transferred to a separate Commercial Register Act.

E-invoicing in Estonia – mandatory in dealings between public and private sector

Paper and PDF invoices are expensive, time-consuming to process and require a lot of extra work. Therefore, the aim of the Estonian real-time economy is to show that today's businesses, governments and citizens can save time and money by replacing paper-based economic and administrative transactions with automated data exchange.

Hints and tips on managing debtors

According to the Bank of Estonia, the country is heading towards recession and due to ongoing high inflation, the purchasing power will also decrease. This means that there is less money available, more care is put into giving any out and it is also time to pay more attention to debtors. Since some time has passed from the last recession, it is appropriate to remind ourselves – what can be done to recover money from debtor?

Supply-chain compliance and due diligence in Estonia

Supplying and distributing a specific product or service from the beginning to end is what is known as the supply chain process (involving sourcing of materials, R&D, manufacture, finance, distribution & marketing, customer service). A 2015 survey from Cone Communications found that 9 out of 10 millennials would switch brands to one associated with a more ethical cause - for a $100 product, customers were willing to pay an average of $27 more if it were made under good working conditions, $19.50 more if the production's carbon emissions were offset and $18.50 more if the raw materials were ethically sourced.

Amendments to the Employment Contracts Act

The year 2022 brings about significant amendments to the Employment Contracts Act in relation to the necessity to take over Directive (EU) 2019/1152 of the European Parliament and of the Council on transparent and predictable working conditions in the European Union.

Read further in our newsletter »

GOOD TO KNOW

Are you registered in Estonia as non-resident taxpayer?

If yes, then this Newsletter is to draw your attention to the fact that registered non-resident taxpayers in Estonia (i.e., permanent establishment, VAT-liable person, non-resident employer) have the obligation to keep their registration data up to date.

In Estonia, several amendments to tax laws will come into force in 2024 and 2025.

The next tables show the amendments in tax laws by different

types of taxes.

Tax Table 2024 | The Baltics provides a summary of the main taxes in Estonia, Latvia and Lithuania.

Value Added Tax (VAT) Guidelines: An overview of VAT regulations in Estonia

Attorney-at-law Alice Salumets gives a comprehensive overview of the VAT regulations in Estonia »

The major sponsor of the Moot Court competition

The Estonian Moot Court Association has been organising the Moot Court Competition since 1998, and Rödl & Partner Law Office is honoured to be one of the major sponsors of the competition, and we are pleased that Ilona Nurmela, a founding member of the Estonian Moot Court Association, is one of our attorneys-at-law today.

Ilona was also part of the panel of judges for the oral round of the competition.

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| 49 Countries – Over 5,800 Colleagues – 1 Firm |

Publications

NEWSLETTERS

​Have you already heard about the new foreign investment control mechanism in Estonia?

The new sickness benefit procedure will bring changes for employers.

​Amendments to the Estonian Commercial Code and the new separate Commercial Register Act

​E-invoicing in Estonia – mandatory in dealings between public and private sector

​Hints and tips on managing debtors

​Supply-chain compliance and due diligence in Estonia

Amendments to the Employment Contracts Act

GOOD TO KNOW

​Value Added Tax (VAT) Guidelines: An overview of VAT regulations in Estonia

​The major sponsor of the Moot Court competition

Contact

Have you already heard about the new foreign investment control mechanism in Estonia?

Amendments to the Estonian Commercial Code and the new separate Commercial Register Act

E-invoicing in Estonia – mandatory in dealings between public and private sector

Hints and tips on managing debtors

Supply-chain compliance and due diligence in Estonia

Value Added Tax (VAT) Guidelines: An overview of VAT regulations in Estonia

The major sponsor of the Moot Court competition