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Do I need external auditing?

Last updated: January 09, 2025

An external audit of your annual accounts is compulsory if two of the following criteria of your company are greater than:

  • €2 000 000 in sales revenue or income per year,
  • €1 000 000 total assets as of the balance sheet date,
  • 24 people as the average number of employees.

    or if one of the following criteria of your company is greater than:

  • €6 000 000 in sales revenue or income per year,
  • €3 000 000 total assets as of the balance sheet date,
  • 72 people as the average number of employees.

If this is NOT the case, Xolo accounting and tax reporting services will be sufficient to make sure that everything is compliant in Estonia.

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