käibemaksukohustuslane

Käibemaksukohustuslane is an Estonian term that translates to "taxable person for value-added tax" or "VAT taxable person." It refers to an individual or legal entity that is registered with the Estonian Tax and Customs Board for the purpose of collecting and remitting value-added tax (VAT).

In Estonia, a business becomes a käibemaksukohustuslane if its taxable turnover exceeds a certain threshold within a 12-month period. This threshold is set by law and is subject to change. Once registered, the käibemaksukohustuslane is obligated to charge VAT on the goods and services they provide, and to remit this collected VAT to the state. They are also entitled to deduct the VAT paid on their business expenses.

The registration process involves submitting an application to the Estonian Tax and Customs Board. Companies that exceed the turnover threshold must register within a specific timeframe. There are also voluntary registration options available for businesses below the threshold.

Being a käibemaksukohustuslane implies a set of rights and responsibilities related to VAT accounting, reporting, and payment. Failure to comply with these obligations can result in penalties and interest. The specific rules and regulations governing VAT liability are detailed in the Estonian Value-Added Tax Act.