--- title: Accountant, don't miss the opportunity for taxes! date: 2015-01-09T09:30:40Z modified: 2015-01-09T09:30:40Z permalink: "https://grow.ee/ara-jata-maksuametile-voimalust-lisamaksudeks/" type: post status: publish excerpt: "" wpid: 3395 timestamp: 2015-01-09T09:30:40Z tags: - Taxes - Accounting - taxes - laws --- Accountants must **by February 10, 2015, declare all past circumstances that may affect their future income tax liability.** The explanatory memorandum to the law states that if previously accrued rights are not declared by this date, taxpayers lose the right to use them as tax exemptions when making future payments. Companies must declare all circumstances that allow the invested amounts to be withdrawn tax-free later. Until now, contributions had to be declared only when the capital was intended to be withdrawn tax-free. #### **Circumstances that may affect the occurrence of a tax liability, i.e., what the accountant must declare:** • contributions made to the company's equity, • income tax withheld and paid abroad, • income received, on the account of which dividends can be paid tax-free and distributions made from equity. In order to avoid the loss of previously acquired rights, entrepreneurs must review all circumstances that have occurred in history that would allow the company's income tax liability to be reduced and declare them in a timely manner. In the future, entrepreneurs must declare circumstances that may affect the occurrence of a tax liability on an ongoing basis, taking into account the month following the occurrence of the circumstances. See also [Tax and Customs Board](http://www.emta.ee/).