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  • Tax

    Tax

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    Our tax specialists, some with prior experience of working for the tax authorities, advise and represent clients in all issues related to tax and customs law: structuring transactions, relations with tax authorities and tax disputes (i.a. tax crimes). The vast and highly recognised experience with tax disputes allows us to foresee and address the potential risks already prior to executing transactions.

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    • Aivar Pilv
    • Pirkka-Marja Põldvere
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    • Jaanus Stern
    • Oleg Matvejev
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    Given the ever-expanding set of local and international rules and regulations which impact the daily lives of companies of all sizes, compliance has been getting more and more attention as a potential source of corporate issues. Our team of specialists has vast experience in helping our clients to understand and deal as efficiently as possible with all the rules and regulations that apply to them.

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    • Jaanus Stern
    • Oleg Matvejev
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    • Reelika Rohi
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    Support staff
    • Marina Pilv
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    • Ene Eesik
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    We assist our clients in all stages of M&A transactions, i.a. negotiations, project management, structuring of the transaction, conducting legal due diligence and other preparations, execution of necessary documentation, as well as closing of transactions. We also advise our clients on creating joint ventures. Our M&A team has experience in providing practical solutions in the most complex issues. We have advised all kinds of companies and our M&A team has participated in a number of transactions in all the Baltic countries and also covering outside targets.

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    • Merilin Ojasaar
    • Marko Pilv
    Senior Associates
    • Ilmar-Erik Aavakivi
    • Epp Lumiste
    • Jaanus Stern
    • Oleg Matvejev
    Lawyers
    • Reelika Rohi
    • Hendrik Rätsep
    • Artur Viira
    • Kaire Sepper
    Support staff
    • Marina Pilv
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    • Ene Eesik
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    We provide legal advice and represent our clients in all matters related to pharmaceuticals, which is one of the fastest growing industries with rapidly changing rules and regulations that varies from one country to another. Our attorneys, in cooperation with medical field professionals, advise on a regular basis on the requirements for manufacturing medical products, the promotion of medical products and requirements for performance of clinical trials. We also have a comprehensive practice in representing clients in medical malpractice cases.

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    • Merilin Ojasaar
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    • Ilmar-Erik Aavakivi
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    • Jaanus Stern
    • Oleg Matvejev
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    • Reelika Rohi
    • Hendrik Rätsep
    • Artur Viira
    • Kaire Sepper
    Support staff
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    • Ene Eesik
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    We keep up with the times and acknowledge the vast use of information technologies and the growing importance of intellectual property in today’s business. With individual approach and by looking from clients’ perspective, our team can provide advice on all aspects related to information technologies and intellectual property. We combine our knowledge of conventional business transactions with an in-depth understanding of the related technical aspects. Our attorneys are recognised for having experience e.g. in legal aspects of cloud computing, software licencing and patent registration.

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    • Merilin Ojasaar
    • Marko Pilv
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    • Ilmar-Erik Aavakivi
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    • Artur Viira
    • Kaire Sepper
    Support staff
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    • Ene Eesik
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    We have a comprehensive practice in litigation, arbitration, as well as out-of-court debt recovery. Our attorneys are regularly acting as arbitrators, conciliators and bankruptcy trustees. Many of our cases have principally changed the interpretation of law, being often also of interest to the general public. International publications have, for years, recognised us as among top dispute resolution firms on the market.

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    Our group of specialists provides top-quality counselling on various aspects of corporate and commercial law: corporate governance, transactions and trade, public procurement, public-private partnerships, competition etc. Our clients range from some of the largest companies in the market to small start-ups, and thus the advised issues vary respectively. Our competence has been consistently recognized as one of the best in the market by annual international publications.

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    • Merilin Ojasaar
    • Marko Pilv
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    • Ilmar-Erik Aavakivi
    • Epp Lumiste
    • Jaanus Stern
    • Oleg Matvejev
    Lawyers
    • Reelika Rohi
    • Hendrik Rätsep
    • Artur Viira
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    Support staff
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    • Kristi Kirsiste
    • Ene Eesik
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    Banking & finance

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    We advise banks and other financial institutions in all matters related to financial transactions and supervision. International publications recognise LEADELL offices as among leading law firms in advising on debt restructuring and rescheduling. The experience gained by advising leading banks of the Baltics allows our team to adequately address the interests of all parties to a transaction, as well as requirements applicable to them. Our team is also competent in counselling on fintech matters that have arisen due to the radical changes in traditional financial services caused by digital innovations.

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    • Jaanus Stern
    • Oleg Matvejev
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    • Reelika Rohi
    • Hendrik Rätsep
    • Artur Viira
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Our Experience

News

Opinion by Epp Lumiste in article „Is the increase of threshold for VAT taxable person useful for companies?“

12.12.2016LEADELL

Online financial portal Raamatupidamisuudised has asked from experts if the increase of threshold for registration as a person liable to value added tax is a positive or negative change for companies. Namely, in 2018 an amendment to Value-Added Tax Act will enter into force increasing the threshold for registration as a person liable to value added tax from previous 16,000 Euro to 40,000 Euro.

Hereby the opinion of attorney-at-law Epp Lumiste:

The legislator has explained the increase of threshold for registration as a person liable to value added tax mainly with the decrease of administrative burdens of micro-enterprises but will the amendment be actually accompanied by the desired result?

In case the micro-entrepreneur is using in its economic or professional activities the services and/or goods received from another taxable person, then it is more useful to register oneself as a person liable to value added tax since the input value added tax can be reclaimed.

It is likely that an entrepreneur who is providing services to some entrepreneur in EU Member State, is also interested in being a person liable to value added tax. Thus it is likely that in the given cases and as from the enforcement of the amendment, the number of voluntary registrations as a person liable to value added tax will increase.

The amendment regarding the increase of threshold did not influence the regulation on voluntary registration. According to the valid legislation, in the case of voluntary registration, tax auditor may inquire additional information and the entrepreneur must be able to prove the performance of entrepreneurship. This together with explanations to the tax auditor will become more time-consuming than submitting a VAT declaration.

In the explanatory letter the legislator has stated that 51% of VAT declarations have been submitted in less than 15 minutes. Therefore the increase of threshold for registration as a person liable to value added tax to 40,000 Euro is likely to increase also the administrative burden of an entrepreneur.

 

The opinions of other experts (in Estonian) can be read here:

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