Estonia sets FY2027 application date for revised accounting guidelines

Estonia’s revised accounting guidelines RTJ 1–12 and RTJ 15–16 apply to reporting periods beginning on or after 1 January 2027. The application rule expressly identifies the versions that entered into force on 1 September 2026.Riigiteataja For accountants preparing financial statements under these guidelines, the period’s starting date is therefore the key date for selecting the applicable version.

The distinction matters when planning a reporting cycle. Entry into force in September 2026 and application to reporting periods from January 2027 are separate dates in the regulation. The application provision is framed around when a reporting period begins, rather than when the financial statements are prepared or submitted. Accounting teams should use that starting-date test when scheduling their review of the revised guidance.

The specified annexes cover a broad range of financial-statement work. They include the general principles for preparing annual accounts and the presentation of information, followed by financial instruments, inventories, tangible and intangible fixed assets, investment property and biological assets. The list also includes provisions and contingencies, lease accounting, revenue recognition, business combinations and accounting for subsidiaries and associates, and government grants.

RTJ 15 concerns disclosures in the notesRiigiteataja, while RTJ 16 covers service concession arrangementsRiigiteataja. The regulation separately lists RTJ 13 for liquidation and final reports and RTJ 14 for non-profit associations and foundations; those annex numbers are outside the set identified in the new paragraph.Riigiteataja Preparers should match each accounting topic to the annex expressly covered by the application rule.

A practical starting point is to map the organisation’s reporting-period start date and relevant accounting topics to the specified annexes. The immediate planning task is to identify the guidance that applies to that period, then review the relevant revised annexes before preparing the accounts. The regulation’s application paragraph establishes the timing of that work; the individual guidelines contain the accounting requirements.

The legal basis is § 2(9) of the Minister of Finance’s Regulation No 105, “Raamatupidamise Toimkonna juhendite kehtestamine”.Riigiteataja