mittekulutuste

Mittekulutuste is a term used in Estonian accounting and tax law to describe non-operating expenses that are not directly related to the core business activities of a company. These expenses are typically administrative, financial, or other costs that support the overall operations of the business but do not contribute directly to the production of goods or services.

Mittekulutuste are important for several reasons. Firstly, they are used to calculate the taxable profit of a company, which is the basis for corporate income tax. Secondly, they help in determining the net profit of a company, which is the amount of money that remains after all expenses, including mittekulutuste, have been deducted from revenue. Lastly, they are used in financial reporting to provide a comprehensive view of a company's financial health.

Examples of mittekulutuste include salaries and benefits of non-operational staff, rent and utilities for office space, insurance premiums for office equipment, and administrative software and services. These expenses are typically recorded in the financial statements under the heading of "administrative expenses" or "general and administrative expenses."

It is important for companies to accurately record and report mittekulutuste, as underreporting or overreporting can lead to incorrect tax liabilities and financial statements. Therefore, companies should ensure that they have a clear understanding of what constitutes mittekulutuste and how to properly account for these expenses.