Glossary

A

• Accounting Act
• Accrual Basis Accounting
• Accrued Expenses
• Accumulated Depreciation
• Active Repentance (Voluntary Disclosure)
• Assets

B

• Balance Sheet
• Balance Sheet Accounts
• Balance Sheet Valuation

C

• Cash Flow Statement
• Cash and Cash Equivalents
• Chart of Accounts
• Construction in Progress
• Corporate Income Tax (CIT)
• Cost Center
• Cost Centers Structure
• Current Assets

D

• Depreciation and Amortization
• Direct Costs
• Double-entry Bookkeeping

E

• Equity
• Equity and Liabilities
• Estonian CIT (Distributed Profits Tax)
• Expenses by Function
• Expenses by Nature
• Extractive Industries Tax (Minerals Extraction Tax)

F

• Finished Goods
• Fixed Assets

G

• General Anti-Abuse Rule (GAAR)
• General Ledger
• General Tax Ruling

I

• Impairment Losses
• Income Statement
• Indirect Costs
• Individual Tax Microaccount
• Individual Tax Ruling
• Inheritance and Gift Tax
• Intangible Assets
• International Financial Reporting Standards (IFRS)
• Inventories

L

• Late Payment Interest on Tax Arrears
• Limited Tax Liability
• Long-term Deferred Expenses
• Long-term Financial Assets
• Long-term Investments
• Long-term Liabilities
• Long-term Receivables

M

• Mandatory Disclosure Rules (MDR)
• Merchandise

N

• National e-Invoicing System (KSeF)
• Net Loss
• Net Profit
• Nominal Accounts
• Notes to Financial Statements

P

• Personal Income Tax (PIT)
• Prepayments
• Property, Plant and Equipment
• Provisions for Liabilities
• Prudence Principle

R

• R&D Tax Relief
• Raw Materials
• Real Estate Tax
• Reserve Capital
• Retained Earnings (Losses)

S

• Sales Revenue
• Share Capital
• Short-term Deferred Expenses
• Short-term Investments
• Short-term Liabilities
• Short-term Receivables
• Split Payment Mechanism
• Standard Audit File for Tax (SAF-T / JPK_V7)
• Statement of Changes in Equity
• Statute of Limitations on Tax Liability
• Subsidiary Ledgers
• Sugar Tax (Sugar Fee)
• Supplementary Capital

T

• Tangible Fixed Assets
• Tax
• Tax Arrears (Tax Default)
• Tax Base
• Tax Collecting Agent
• Tax Exemption
• Tax Liability
• Tax Liability Trigger (Tax Duty)
• Tax Ordinance Act
• Tax Overpayment
• Tax Rate
• Tax Relief / Tax Credit
• Tax Remitter / Tax Collector
• Tax Residence
• Tax on Civil Law Transactions (PCC)
• Taxpayer
• Tonnage Tax
• Transfer Pricing
• Trial Balance

U

• Unlimited Tax Liability

V

• Value Added Tax (VAT)

W

• White List of VAT Taxpayers
• Work in Progress