Do I need external auditing?

Last updated: May 14, 2021

An external audit of your annual accounts is not compulsory if one of the following criteria of your company is smaller 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.

If this is the case, Xolo accounting and tax reporting services will be sufficient to make sure that everything is compliant in Estonia.

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