Accounting for sole traders (FIE) in Estonia. From €120 a month. Your annual return with form E is included.

From €120 a month. The packages and fees are the same as for companies. Advice and the income tax return with form E are included in the fee, and no VAT is added. You can work out your fee with the calculator on the Fees page. If you only need the annual tax return, it is one-off work from €120. More on the One-off work page.

It depends on how many documents you have a month. A document is a receipt, a supplier’s invoice, or an invoice to your customer if you issued it outside our accounting software. Bank statement lines do not count. With up to 25 documents, the Geoks 25 package for €120 is the right one, even if you have very few. The Geoks 25 package includes 1 person on the payroll, and each additional person adds €8 a month. If you are not sure, write to us and we will help you choose.

It depends on your profit. Take, for example, a sole trader with €30,000 of income and €10,000 of expenses in 2026, and no other income. The profit is €20,000. The Tax and Customs Board divides it by 1.33, which gives about €15,038, and social tax at 33% on this amount comes to about €4,962. Income tax at 22% is charged on the same €15,038 minus the tax-free allowance of €8,400, which is about €1,460. In total, that is about €6,420 in tax. If you are in the second pension pillar at 2%, add a contribution of about €301. We can work out the tax using your own figures.

Usually, yes. An FIE pays at least €3,508.56 in social tax a year, even with no income. There is no minimum for people who receive a state pension or who have partial work capacity. School and vocational school pupils, university students and FIEs under 19 do not pay advances. If you also work under an employment contract, the social tax your employer pays counts towards your FIE advances.

An FIE must keep accounts but can use the cash method, which means recording income and expenses on the days the money comes in and goes out. An FIE does not file an annual report with the Commercial Register. Instead, they file the income tax return with form E once a year.

With an entrepreneur account (ettevõtluskonto), the bank holds back 20% tax from every payment you receive, and you do not file any returns. But you cannot deduct expenses, the tax-free allowance does not apply, and if more than €40,000 comes in during a year, you must register as an FIE or open a company. According to the Tax and Customs Board, the account suits people with almost no expenses, for example those who provide services to private individuals. An FIE pays tax on profit, but their social tax is at least €3,508.56 a year. So with a low income the account can cost less, and with significant expenses an FIE works out better.

There is no single threshold. It depends on your profit, your expenses and how much money you take out for yourself. An FIE pays social tax and income tax on all of the year’s profit and is liable for debts with everything they own, including personal property. A company pays income tax when it pays out profit to the owner, but it files more reports, including the annual report. We can work out both options using your figures. If you open a company, we keep its books under the same packages, and the company’s annual report is included in the fee. More on the Accounting for companies page.