2011 July

21 Jul: Statistics: Commercial Real Estate Investment Has Not Declined

Investments by Estonian businesses in capital assets have grown for the second quarter in a row, year on year, writes Tõnu Toompark in his adaur blog. Real estate investments (including land, buildings, facilities construction, renovation and purchase costs) have moved into growth for the first time in three years, writes Tõnu. According to Estonian statistics office…

11 Jul: Do Apartment Ownerships In Estonia Constitute An Enterprise?

The Estonian Tax and Customs Board sometimes seems to use unlawful measures to limit the taxpayer’s right to deduct value added tax (VAT), report Law Firm LEXTAL attorney-at-law Ants Karu and lawyer Margus Reiland. Obligation to pay VAT usually lies with the seller of goods (e.g. apartment ownerships or immovables). As a general rule the…