Parts I to III of form INF 14 cover compensation for use of personal car, training expenses, and health improvement expenses. The said parts are to be submitted to the Tax and Customs Board by 1 February of the year following the calendar year.
Starting from 2018, the form also has part IV that covers loans granted to related parties. The obligation to declare loans established in section 565 of the Income Tax Act applies to loans granted as of 1 July 2017 as well as to loans the loan amount of which has been increased, the repayment term of which has been extended or other essential terms and conditions of which have been changed as of 1 July 2017. Part IV of INF 14 is to be completed and submitted by the 20th day of the month following the relevant quarter. In 2019, the terms for submitting part IV are therefore 20 January, 20 April, 20 July and 20 October.
The tax return is to be completed with the precision of a euro.
If you need assistance in preparing or submitting tax returns or if you have any questions, please contact the tax advisors of Grant Thornton Baltic OÜ by e-mail at tax@ee.gt.com or by calling 626 0500.