PwC Estonia’s tax and accountancy team: key projects in 2020

We advised an Estonian start-up on share options – the project was special for the complex nature of the share options in question. In financial terms, this was Estonia’s largest share options’ programme.


We advised a foreign investor on tax accounting of their capital contribution, which allowed the investor to achieve a significant tax saving. The content and amount of the tax saving was approved by the tax authority.


We advised a fintech start-up on VAT issues and helped the client to obtain a significant tax saving.


We organised a PwC conference in November 2020 and hosted over 350 attendees both on site and online.


We helped the Estonian branches of two global groups bring their reports based on US-GAAP and IFRS into conformity with the Estonian reporting standards based on the guidelines of the Estonian Accounting Standards Board.


We started providing the accountancy service and drafting financial reports for one of the most well-known Estonian company of real estate management.


We started providing the accountancy service and drafting financial reports for an international real estate fund in Estonia.


Together with PwC’s advisory team and the law firm PwC Legal we advised the owners of Tradehouse, a retailer and wholesaler of Estonian cosmetics in a major deal whereby they sold the majority shareholding in their company to BaltCap, a firm of private equity and venture capital.


We advised UP Invest, an investment company and owner of Apollo Cinema, on acquiring the Forum Cinemas’ movie businesses in the Baltics. A contribution to the deal was given by business and tax consultants from PwC Estonia, PwC Latvia and PwC Lithuania, as they performed tax and financial due diligence of the Forum Cinemas’ movie businesses.


PwC’s tax department put together a collection of legislative acts in the framework of the e-Residency programme to help foreign investors to comply with both the tax laws of Estonia and those of their homeland. 


Contact us

Hannes Lentsius

Hannes Lentsius

Tax Service Line Leader, PwC Estonia

Tel: +372 5691 1698

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