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).