Press Releases

Auditors' Association: Rise of the sales revenue of audit firms is driven by increase in prices

Estonian Auditors’ Association analyzed the activity period of the audit firms 2017/18, which is characterized by revenue growth, a change in service structure, and higher service fees for customers. The total hourly rates for all audit firms increased by 7%, but there are some differences between the type of service (audit or review) and the service provider (large, medium or small audit firm). The biggest increase of hourly rates can be seen in the provision of audit services by large audit firms (+ 9%), the smallest increase in prices is noted in the provision of review services by small audit firms (+ 2%). ›››

Obligation to disclose beneficial owners from 1.09.2018

From 1 September 2018 all companies registered in Estonia are obligated to disclose data on their beneficial owner in the commercial register. Data must be submitted by 31 October 2018. ›››

Rödl & Partner Law Office welcomes lawyer Dana Ihsanova

We are pleased to announce that Rödl & Partner Law Office welcomed a new lawyer Dana Ihsanova on 13 August 2018. Dana received her legal education in UK and France. She has BA in Law from University of Exeter with a year at Université de Strasbourg, followed by MA in Law with distinction from University College London and Legal Practice Course at BPP University. ›››

Audiitorkogu: Audiitorteenuste profiil muutunud

Audiitorkogu kirjutab, et seoses sellega, et viimase kümne aasta jooksul on Eestis korduvalt muudetud audiitortegevuse reegleid ja piirmäärasid (nt ülevaatuse töövõtu sisseseadmine, hiljutine aktsiaseltside üldise auditeerimispõhimõtte muutmine), võib täheldada, et ka audiitorteenuste profiil on muutunud. ›››

Country-by-country reporting for large corporations in 2018 – Estonia

Country-by country report is a report concerning multinational enterprise groups which includes aggregate information on multinational enterprise groups relating to the amount of revenue, profit or loss before income tax, income tax paid and income tax accrued, stated share capital, accumulated earnings, number of employees and tangible assets other than cash or cash equivalents with regard to each such state and jurisdiction in which the multinational enterprise group operates. ›››

The largest Estonian entrepreneurship competition now open – this year also the family business of the year will be crowned

Enterprise Estonia (EAS) and Estonian Chamber of Commerce and Industry invite all companies to participate in the biggest Estonian entrepreneurship competition Top Estonian Enterprises 2018. This year the entrepreneurship award categories include also the family business of the year.
All companies are welcome to apply at http://www.ettevotluskonkurss.ee until 3 July 2018. ›››

SCCE's General Assembly 2018

The Swedish Chamber of Commerce in Estonia held its annual General Assembly on March 6 to sum up the year 2017 and make plans for the next year.
In 2018, Mart Nõmper from Rödl & Partner will continue as a member of the Council of SCCE. ›››

Taxation system and labour law in Latvia and Lithuania

Tax experts Elina Putnina and Mantas Mališauskas from Rödl & Partner Riga and Vilnius offices discussed the taxation system and business environment in Latvia and Lithuania on a seminar that was held in Tallinn on 14 March 2018. ›››

Amendments in the guidelines of the Estonian Accounting Standards Board

The Estonian Accounting Standards Board notified of the establishment of the ASB guidelines in annexes of a regulation of the Minister of Finance starting from 01.01.2018. The guidelines are applicable to reporting periods commencing on or after 01.01.2017. The main substantive amendments concern the guidelines ASBG 9 and ASBG 13. ›››

Amendment of the Commercial Code with regard to the requirement for companies to designate a contact person starting from 15.01.2018

On 15.01.2018 the amendment of the Commercial Code entered into force establishing a requirement for companies to designate a contact person. An undertaking, including a foreign company that has a branch in Estonia, may designate a person to whom the procedural documents of the undertaking and the declarations of intent addressed to the undertaking may be delivered in Estonia (hereinafter contact person). If the management board of a company or a body substituting therefor is located in a foreign state, the company must designate a contact person. ›››