Law firm for implementing the Estonian CIT regime
Moving a company to the lump-sum tax on corporate income, widely called Estonian CIT, calls for an assessment of the entry conditions, for the notification and the resolutions, and for a clear picture of the duties that arise once the regime is already in use. Below we set out what such a matter requires of counsel and who leads this area at HWW.
What this matter requires of counsel
-
Examines the shareholder structure before the documents
Access to the lump-sum regime turns on conditions relating to the company itself, including the structure of its shareholders. Counsel prepared for the implementation assesses those conditions first and records the result in a memorandum.
-
Explains hidden profits and expenditure unrelated to the business
The implementation should set out the duties that apply while the regime is in use, including events that can trigger tax even though no profit has been distributed.
-
Puts the opening adjustment in order
Counsel should review the starting position of the company's tax accounts and the need for an opening adjustment between accounting and tax results.
-
Stays with the company through the first period under the regime
Support in the first period of applying the lump-sum regime means explaining the duties that arise in day-to-day operations as questions come up.
Further described matters are listed under our track record.
What we have written on this topic
- Estonian CIT what is it and who is entitled to it? →
- Is it possible to enter Estonian CIT during the year? →
- Market rent does not constitute hidden profits in Estonian CIT →
- Ministry of Finance confirms: Shares in other companies do not exclude the use of Estonian CIT →
- Estonian CIT and charitable activities – when do we pay tax? →
We confirm the scope and the fee before starting work. A paid consultation is not required.