Commentary

Cash accounting

12 Estonia
12 Estonia | Commentary

Cash accounting

12 Estonia | Commentary

Special schemes

Cash accounting

Special arrangements for cash-based VAT accounting are available for taxable persons whose annual supplies do not exceed €200,000. Although cash accounting is applied on a voluntary basis, the tax authority must be notified.

The special arrangements do not apply to cross-border transactions or transactions with a settlement term of more than three months. VAT on amounts not received must be declared in the VAT return for the third calendar month following the supply of goods or services.

When using cash accounting, the time of supply is the earliest of:

  1.  

    •     the day the payment has been partially

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