Do I need external auditing?

Last updated: August 24, 2021

An external audit of your annual accounts is compulsory if TWO of the following criteria of your company are greater than:

  • €1 600 000 in sales revenue or income per year,

  • €800 000 total assets as of the balance sheet date,

  • 24 people as the average number of employees.

    or if ONE of the following criteria of your company is greater than:

  • €4 800 000 in sales revenue or income per year,

  • €2 400 000 total assets as of the balance sheet date,

  • 72 people as the average number of employees.

If this is NOT the case, Xolo accounting and tax reporting services will be sufficient to make sure that everything is compliant in Estonia.

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