Estonian companies can deduct all costs from purchases directly related to the company’s actual business operations, such as:
Expenses covered by your customers
Fees of subcontractors
Professional and support services
Marketing costs (restrictions apply)
Hardware and software (restrictions might apply)
Communication costs (not mobile phone bills)
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
Office costs and supplies (restrictions apply)
Business lunches & gifts (taxable)
Salary (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 support@xolo.io beforehand.