Amendments to the Money Laundering and Terrorist Financing Prevention Act (MLTFPA) enter into force on March 10, 2020. The changes primarily concern cryptocurrency service providers. The amendments make tougher the requirements for cryptocurrency service providers, they have to bring their activities in line with the new requirements by July 1, 2020; increase the state duty and strengthen the position of the Estonian Financial Intelligence Unit (FIU).
Beneficiaries of the Estonian companies should be included in the Estonian Commercial Register from November 1, 2018
The ultimate owner of an Estonian company is an individual who owns directly or indirectly more than 25% of the Estonian company’s share and is under its control. Read more
Requirements for contact person in Estonia
According to the new amendments in Corporate Law of Estonia, the Contact person shall be appointed if the company established in Estonia does not have any Member of the Management Board residing in Estonia.
Britain adopted new law on disclosure of information on beneficiaries
New law is applicable to small UK enterprises (LTD) except Scottish LP companies and UK partnerships.
The End of Banking Secrecy
On October 14, 2014 the Economic and Financial Affairs Council of EU has adopted the agreement on introduction of the expanded directive about automatic exchange of information between tax authorities of the European countries which would allow to spot tax evasion or illicit money flows more easily.
Announcement of seminars 2013
Working with European companies and within the territory of the EC. Specifics of application of VAT rules and transfer price formation.
The Netherlands gets closer
On October 1, 2012 in the Netherlands will be implemented new legislation for Dutch BV. The most important in this legislation is that now for the registration of BV does not have to pay the minimum authorized capital in amount EUR 18.000.
Change of the VAT rate in Estonia from 01.07.2009
The VAT rate in Estonia has been changed from 01.07.2009. The new rate of VAT in Estonia is 20%.The preferential rate is 9%.
Changes of the Double Tax Treaty between Russian Federation and Republic of Cyprus
On 16 April 2009 the representatives of Russian Federation and the Republic of Cyprus drew the final draft Protocol to Treaty for Avoiding Double Taxation of 1988 between the parties.
Seminar “The Estonian companies as a resident of EU”
On September, 24th 2008 FM Capital Consulting holds a business lunch on the topic of “The Estonian Companies as a Resident of EU. Features of Tax System, Privileges and Advantages”. Semiinar holds in Kiev, Ukraine.