käibemaksuregistrit

Käibemaksuregister is an Estonian term that translates to "VAT register" in English. It is a list or database maintained by the Estonian Tax and Customs Board (Maksu- ja Tolliamet) that contains information about businesses and individuals who are registered for value-added tax (VAT) purposes.

Registration in the käibemaksuregister is mandatory for businesses exceeding a certain annual turnover threshold, as defined by Estonian tax law. Once registered, businesses are obligated to charge VAT on their taxable goods and services, collect it from their customers, and remit it to the state. They are also entitled to deduct the VAT they have paid on their own business expenses.

The käibemaksuregister serves several key functions. It allows the tax authorities to track VAT compliance, identify taxable entities, and ensure the correct collection of revenue. For businesses, being registered provides legitimacy and allows them to operate within the legal framework for VAT. It also enables them to engage in business transactions where VAT is a factor, both domestically and within the European Union.

Information within the käibemaksuregister typically includes the entity's identification number, name, address, and VAT registration number. This information is often publicly accessible, allowing other businesses to verify the VAT status of their trading partners, which is crucial for correct VAT accounting and avoiding potential liabilities. The register plays a vital role in the administration and enforcement of VAT regulations in Estonia.