This is an important part of tax reporting for businesses, and each of these declarations relates to different types of taxes and obligations to government agencies. Filing declarations on time is important to comply with tax laws and avoid penalties.
TSD (Tulumaksu ja sotsiaalmaksu deklaratsioon) – the declaration is submitted monthly by all employers and includes information on income tax, social tax and other mandatory contributions related to salary payments.
KMD (Käibemaksudeklaratsioon) – the value added tax (VAT) declaration submitted by companies registered for VAT, taking into account all taxable and exempt transactions.
VD (Välismaise käibe deklaratsioon) – the declaration on transactions with foreign partners. VD is submitted if the company does business with partners from other EU countries.
OSS (One-Stop Shop) is a system for simplified filing of VAT returns for cross-border trade within the EU, allowing reporting for all EU countries through one portal. It is used by companies that sell goods and services to end consumers in several EU countries and allows companies to declare and pay VAT in one EU country instead of registering in each country where the sale takes place.
IOSS (Import One-Stop Shop) is a special system for simplified payment of VAT when importing goods into the EU. It is used for goods worth up to 150 euros that are sold to customers in the EU, and facilitates the payment of VAT in cross-border e-commerce, allowing to avoid double taxation.