Käibemaksuaruanded

Käibemaksuaruanded, commonly referred to as VAT returns, are essential documents submitted by businesses to their respective tax authorities in Estonia. These reports detail the value-added tax (VAT) collected from customers and the VAT paid on business expenses during a specific reporting period, typically a calendar month. The primary purpose of these reports is to calculate the net VAT liability or refund due to the business.

Businesses registered for VAT are obligated to file these reports regularly, usually on a monthly basis, by the 20th day of the month following the reporting period. The information provided in the käibemaksuaruanne includes details of taxable supplies made, goods and services acquired, and the corresponding VAT amounts. This allows the tax authority to verify the accuracy of VAT declarations and ensure compliance with tax laws.

The calculation involves subtracting deductible input VAT from the output VAT charged on sales. If the output VAT exceeds the input VAT, the difference must be paid to the tax authority. Conversely, if the input VAT is greater, the business is typically entitled to a refund. The submission and payment of VAT are crucial for maintaining good standing with the Estonian Tax and Customs Board and avoiding penalties. Accurate record-keeping is fundamental for preparing these reports correctly.