Does the State plan to keep special support measures in the field of taxation for taxpayers after the end of emergency situation? Yes, on 10 June 2020 the Law on Overcoming the Consequences of the Spread of Covid-19 Infection came into force, by which, inter alia, the following measures are maintained. in accordance with the Regulation of the Cabinet of Ministers tax payers can ask to defer or split into installments accrued and current tax payments for a period up to 3 years, without paying late payment interest. Taxpayers must submit a respective application within 15 days from the due tax payment term...
Offices
Overview
COBALT Estonia is one of the largest full-service business law firms in Estonia that belongs to COBALT alliance covering 4 jurisdictions - Estonia, Latvia, Lithuania and Belarus – uniting more than 200 lawyers. COBALT also operates International Desks covering Fenno-Baltic, Russia/CIS and German speaking countries.
We are awarded with the highest ranking for Financial and Corporate work in all Baltic countries by IFLR1000 2019 and according to Mergermarket league table report we have advised the highest number of transactions among Baltic law firms in CEE region in 2019. Our offices and lawyers are consistently ranked in the top tier by the most prestigious legal directories, such as Chambers Global, Chambers Europe and Legal 500.
COBALT is awarded with:
• The Most Innovative Baltic Law Firm of the Year 2019 Award by IFLR
• The Baltic Law Firm of the Year 2019 Award by The Lawyer
• CEE Legal Matters Deal of the Year Award 2019 for Estonia, Latvia and Lithuania
COBALT has offices in Estonia, Latvia, Lithuania and Belarus.
Areas of Practice
Professionals
Articles
COVID-19 in Estonia: The Coronavirus in Employment Relations and Taxes - March 20 Update
In March, the Estonian Government decided to implement first steps to help the employers in order to avoid lay-offs and introduced also few other reliefs to support the companies. Below you can find summaries of these measures. Relief measures for employers Compensation of salary The Estonian Government approved the relief measures for the employees subject to salary cut...
Press releases
COBALT Assists in Landmark Transaction in the Baltic Energy Market
Baltic Storage Platform secures financing of EUR 85.6 million for two battery energy storage system (BESS) projects in Estonia. The project was financed by European Bank for Reconstruction and Development, Edmond de Rothschild Asset Management, and the Nordic Investment Bank. This transaction marks a milestone in Estonia’s energy sector, being the first fully based on revenues from BESS assets. The financing supports the creation of one of the largest battery complexes in Europe...
COBALT Assists in Landmark Transaction in the Baltic Energy Market
Baltic Storage Platform secures financing of EUR 85.6 million for two battery energy storage system (BESS) projects in Estonia. The project was financed by European Bank for Reconstruction and Development, Edmond de Rothschild Asset Management, and the Nordic Investment Bank. This transaction marks a milestone in Estonia’s energy sector, being the first fully based on revenues from BESS assets. The financing supports the creation of one of the largest battery complexes in Europe...