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Exploring Jiu-Jitsu in Bangkok: A Martial Arts Haven

Posted by blogshackers on September 23, 2024 at 3:37pm 0 Comments

Bangkok, the vibrant capital of Thailand, is noted for its vivid culture, active markets, and, needless to say, Muay Thai. While Muay Thai reigns great whilst the country's national game, another martial artwork has been growing in acceptance in new years—Brazilian Jiu-Jitsu (BJJ). The fighting styles neighborhood in Bangkok has embraced this ground-grappling approach, developing a booming scene for both novices and experienced practitioners. Whether you are an experienced fighter or…

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Understanding the Divorce Process in Indiana: A Comprehensive Guide

Posted by Jack Lukas on September 23, 2024 at 3:25pm 0 Comments

Divorce can be a challenging and emotional journey, especially in Indiana where specific legal requirements must be met. If you're considering a divorce, understanding the process is crucial. This article will guide you through the necessary steps and provide insights on how to file for divorce in Indiana.…

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Registration of VAT payers in Estonia

In Estonia, most of the goods and services are subject to Value Added Tax (VAT). The VAT registration threshold for local entrepreneurs is EUR 16,000 in a calendar year. The time necessary for completing the registration after submitting all documents is 3 working days; foreign entrepreneurs must complete their VAT registration before conducting taxable transactions.

Expanding a market share in Estonia allows to expand further also towards the Scandinavian countries. The taxation system of Estonia is favourable to development of enterprises, because the refinanced and retained profit is not subject to the corporate income tax.

Most of the undertakings in Estonia are private limited companies (osaühing – OÜ). Generally, there are 5 following types of undertakings in Estonia:

private limited companies (osaühing – OÜ);
public limited companies (aktsiaselts – AS);
general partnerships (täisühing – TÜ);
limited partnerships (usaldusühing – UÜ);
sole proprietorships (füüsilisest isikust ettevõtja – FIE).
Foreign entrepreneurs must register as VAT payers in the following cases:

if a merchant does not conduct regular business in Estonia and pays taxes in another country; and if a merchant conducts business also in Estonia among others, but is not registered as a VAT payer;
if a merchant is registered as a VAT payer in another EU Member State and is engaged in distance selling (excluding distance selling of excise goods) to a person in Estonia not registered as a VAT payer and the taxable value of the supply of the distance selling exceeds EUR 35,000 as calculated from the beginning of a calendar year;
if a merchant registered as a VAT payer in another EU Member State is engaged in the distance selling of excise goods to a natural person in Estonia for personal use.
If a merchant registered as a VAT payer in another EU Member State is engaged in distance selling of goods (excluding distance selling of excise goods) in Estonia, it may register as a VAT payer on a voluntary basis. It must be noted that the tax authority is entitled to remove a tax payer from the register if this tax payer has not submitted a VAT declaration regarding the last six months.

https://www.baltic-legal.com/vat-registration-estonia-eng.htm

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