käibemaksukohustusi

Käibemaksukohustusi refers to Value Added Tax (VAT) obligations in Estonia. It is a tax levied on the consumption of goods and services. Businesses that are registered for VAT are liable to collect VAT on their sales and remit it to the Estonian Tax and Customs Board. This applies to most goods and services, although certain items are exempt or subject to reduced rates.

A business becomes obligated to register for VAT if its taxable turnover in a calendar year exceeds a certain threshold, which is subject to change by legislation. Once registered, a business must charge VAT on its taxable supplies, issue VAT-compliant invoices, and file regular VAT returns. These returns detail the VAT collected on sales (output VAT) and the VAT paid on purchases (input VAT). The difference between output VAT and input VAT is generally payable to the tax authorities.

Failure to comply with käibemaksukohustusi can result in penalties and interest. The Estonian Tax and Customs Board oversees the administration and enforcement of VAT regulations. Understanding and fulfilling these obligations is crucial for any business operating in Estonia.