Estonian companies can deduct all costs from purchases directly related to the company’s actual business operations, such as:
Fees of subcontractors
Marketing and consulting costs
Communication costs
Legal and tax advisory services
Accounting and auditing services
Hardware and software
Office costs and supplies
Home office rent and work equipment (proportion required)
Business trips (only transportation and accommodation costs allowed)
COVID-19 tests (only for business trips)
Participation in business-related events
Business-related professional training
Bank and transaction fees
Salary (taxable)
Business lunches & gifts (taxable)
Relevant taxes (salary taxes, dividend taxes, fringe benefits etc.)
If you’re uncertain whether an expense qualifies as a business expense, make sure to ask us via klienditugi@xolo.io beforehand.