Commentary

Accounting records

12 Estonia
12 Estonia | Commentary

Accounting records

12 Estonia | Commentary

Record-keeping requirements

Accounting records

VAT payers have an obligation to keep records of:

  1.  

    •     the amounts of input VAT relating to taxable and exempt supplies;

  2.  

    •     taxable supplies by rate and tax exempt supply;

  3.  

    •     the amount of output VAT by rate;

  4.  

    •     the amount of deductible input VAT; and

  5.  

    •     all other particulars necessary to prepare a VAT return.

Specific regulations are laid down by the Estonian Ministry of Finance regarding the content and form of VAT accounting. Records are required to be kept for seven years. This retention period applies to the documents that are required to be

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