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Dear clients and cooperation partners, On 1 January 2015, VAT Law amendments will come into force with regard to VAT on telecommunications, broadcasting and electronically supplied services. The amendments introduce a change in the principle of determining the place of supply for telecommunications, broadcasting and electronically supplied services to non-taxable persons established in other member states. Under […]
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Publication / Alexey Anischenko
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Sorainen Belarus acted as local counsel for the Eurasian Development Bank (EDB) on the extension of a USD 15 million loan to the “Vasily Kozlov” Minsk Electrotechnical Plant (METZ). The loan agreement was signed in Minsk on 18 August to finance modernisation of equipment used in production of transformers. Total project value exceeds USD 55 […]
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Sorainen has advised Nordea, the largest financial services group in northern Europe, on the transfer of its Baltic banking business, operated by Nordea Bank Finland in Estonia, Latvia and Lithuania, to its Swedish parent company Nordea Bank. This was the first transfer of a pan-Baltic credit institution business as a going concern of such scale […]
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New rule for employee registration before commencing work Taxation Act amendments to create a national register of employees were enacted by the Parliament (Riigikogu) on 26 March 2014. Details of everyone starting work in Estonia must be registered in advance. The amendments are due to enter into force on 1 July 2014 According to an […]
