A nationwide emergency was declared in Estonia on 12th March due to the worldwide Coronavirus COVID-19 pandemic and the threat of mass infection. The emergency situation stays effective from 12 March until 1 May 2020 unless decided otherwise by the Government. The Government resolution on the declaration of emergency in Estonia is available here (in […]
To provide companies with legitimate options to carry out their daily management, the Estonian Bar Association, the Estonian Insurance Association, Nasdaq Tallinn, the Estonian Private Equity and Venture Capital Association, FinanceEstonia, the Chamber of Notaries and the Estonian Employers’ Confederation approached the Legal Affairs Committee of the Riigikogu and the Justice Minister on 27 March […]
Additional conditions for declaring idle time On 8 April 2020 amendments to the Labour Code regulating idle time due to the state of emergency and quarantine came into effect. For this reason, in order to declare idle time additional conditions will apply from now on: due to the nature of work organisation there is no […]
To support businesses during the coronavirus outbreak Latvia has introduced new VAT measures to speed up the procedure for refunding overpaid VAT. According to the new VAT repayment procedure: The State Revenue Service (SRS) refunds overpaid VAT within 30 days of receiving the VAT return for the respective tax period. Before a refund, the SRS […]
As of 03 April 2020 State resources are directed to supporting companies through the KredEx Foundation and the Estonian Rural Development Foundation. The package also includes labour market support from the Estonian Unemployment Insurance Fund, sickness benefits and tax incentives. The package allows for temporary suspension of second pillar pension scheme payments, as well as […]
