Changes in the Estonian legislation in 2016

Raise of minimum salary

Starting from 1st of January 2016 the minimum hourly rate for full time workers is 2,54 EUR. Minimum salary in Estonia will be 430 EUR (gross) per month.

Business trip daily allowance tax free limit rises

Tax free daily allowance in the amount of 50 EUR can be paid only for the first 15 days of the business trip. In case the business trip lasts for a longer period, then 15 days is with 50 EUR per day and for example 5 days is with tax free allowance in the amount of 32 EUR per day.

Changes in the terms of audit and review

Audit is necessary in case 2 of the criteria are met:

  • sales revenue or income 4,000,000 euros;
  • total assets as of the balance sheet date 2,000,000 euros;
  • average number of employees 60 people.


Audit is necessary in case 1 of the criteria is met:

  • sales revenue or income 12,000,000 euros;
  • total assets as of the balance sheet date 6,000,000 euros;
  • average number of employees 180 people.


Review of the annual account is necessary when at least 2 of the criteria are met:

  • sales revenue or income 1,600,000 euros;
  • total assets as of the balance sheet date 800,000 euros;
  • average number of employees 24 people.


Review of the annual account is necessary when at least 1 of the criteria is met:

  • sales revenue or income 4,800,000 euros;
  • total assets as of the balance sheet date 2,400,000 euros;
  • average number of employees 72 people.

Changes in the Health Insurance Act

Starting from 2016 persons who work on the basis of management board member agreement or agreement concluded on the basis of Law of Obligation Act, social security will not be connected to the entry in the Employment Register, but person will be covered with health insurance on the basis of submission of social tax declaration (TSD). 

Contact us about

Changes in the Estonian legislation in 2016

Your message was sent. Thanks

Obtenez votre copie GRATUITE du guide des affaires dans les pays Baltes 

Your message was sent. Thanks

Gencs photo

A propos de Valters Gencs 

Sous différents aspectsb L'avocat Letton Valters Gencs est l'archétype de l'avocat modern - A étudier aux USA , Eait pret à prendre un risque commercial avec la création de sa firme qui à été prospère durant presque 16 années.

En savoir plus.

Notre Equipe

Notre équipe est constitué d'avocats, et de consultants financiers parmis les plus expérimentés et talentueux des Baltiques. Nos experts trouverons la solutions la plus adapté à votre situation.

OurTeam

Our knowledge

Nos connaissances

Gencs Valters Law Firm dispose de 15 ans d'experience pratiques dans les sevices légaux, la consultation fiscale, la fusion et l'aquisition, les lois fiscales, la consultation financière, les institutions, les lois fisclales, la propiété intellectuelle, ainsi que l'immigration et les litiges.