Estonia VAT Services
VAT Registration requirement in Estonia
You may need VAT registration requirement in Estonia. If your annual taxable turnover exceeds 40,000 euros. However, voluntary registration is also possible if your turnover is below this threshold.
What documents you need for VAT registration in Estonia?
Before starting the registration process. You have to gather the required information such as your company details, contact information, bank account details, and information about your business activities. You need complete the registration form. The form will require you to provide information about your business, including legal details, address, contact information, and activity codes related to your business activities.
After submitting the registration form. The Tax and Customs Board will review your application. If everything is in order, they will assign you a VAT number. This process may take a few weeks.
VAT returns in Estonia
Depending on the frequency determined by the Tax and Customs Board. You will need to file periodic VAT returns, usually on a monthly or quarterly basis. These returns should include details of your taxable sales, purchases, and VAT calculations.
VAT payment in Estonia
In Estonia, VAT (Value Added Tax) payments are made to the Estonian Tax and Customs Board (EMTA) based on the VAT returns you file. The Estonian Tax and Customs Board will specify the frequency of your VAT returns, which is typically either monthly or quarterly. This determines how often you need to make VAT payments. The Tax and Customs Board will review your VAT return and assess the amount of VAT you owe based on the information provided. They may also conduct audits or request additional information if necessary. After receiving the VAT assessment, you are required to make the payment to the Tax and Customs Board. The payment can be made through various methods, including bank transfer, online banking, or other electronic payment options specified by the Tax and Customs Board.
VAT deregistration in Estonia
If you no longer meet the requirements for VAT registration in Estonia or you wish to voluntarily deregister VAT. Before proceeding with deregistration, confirm that you meet the criteria for deregistering. This may include situations where your annual turnover falls below the threshold of 40,000 euros or you cease your business activities entirely. Inform the Estonian Tax and Customs Board (EMTA) about your intention to deregister for VAT. You can do this by submitting a formal written request or by using the online services provided by EMTA.
If you have any doubts or concerns regarding the deregistration process or the impact on your business. It is recommended to consult with a qualified tax advisor or contact the Estonian Tax and Customs Board directly for guidance.