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Salary payment – a payment solution developed by LHV Bank and the Estonian Tax and Customs Board

Salary payment is a convenient payment solution developed jointly by LHV Bank and the Estonian Tax and Customs Board for smaller and medium-sized enterprises, that enables the enterprises to pay out salaries to their employees and declare state taxes in a single channel – the LHV Internet Bank.

Salary payment can be used for 6 of the most common payment types: salary, dividend payment, Management Board member’s fee, sick pay, remuneration based on a contract under the law of obligations, and the minimum social tax obligation.

In order to make the payments, the representative of the company must have authorised access to the e-Tax environment (Accountant’s package) and full authorisation (100%) to approve payments in the LHV Internet Bank.

For more information please visit the LHV Bank page "Salary payment".

25.06.2018