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Doing Business Guide in the Baltics.
18.10.2016
The Estonian Government approved in the end of September 2016 proposal on signing the Convention between the Government of the Republic ofEstonia and the Government of the Kyrgyz...
29.04.2016
Corporate income tax in Estonia is paid by domestic companies – residents, permanent establishments of non-residents that perform economic activity in the country (including branches) and non-residents acting as...
22.09.2015
On the 11th of September the Supreme Court of Estonia dismissed cassation submitted by Sirowa Tallinn (Sirowa) in relation with Tax...
06.07.2015
On 21st of May the Government of Estonia approved several bills for changing the tax laws. Please see below short overview of the relevant changes. National social insurance tax With the proposed...
24.03.2015
Taxpayers Corporate income tax is paid by: domestic companies – residents; permanent establishments of non-residents that perform economic activity (including...
13.02.2015
Structure Personal income tax is imposed on income acquired by a natural person, and it includes: income from employment; business income (self-employed income); gains from transfer of...
30.01.2015
The ruling regarding minimum rate of interest on fringe benefits from the Minister of Finance was nullified and staring from2015 issuing loans on market terms to the employees or persons equal...
08.01.2015
According to the amendments made to the Income Tax Act, which became in force from the 1st of January 2015, all companies and permanent establishments located in Estonia...
17.12.2014
Option plans are good ways to reward employees for successful year or to bind them for the company. In Estonia option plans are taxed as fringe benefits. Fringe benefits are benefits received from the employer for...
11.12.2014
From January 1. 2015 EU will change the application of VAT rules in intra-community trades. The new rule will change current situation where...
26.11.2014
In September Estonian Foreign Minister Mr Urmas Paet signed convention between the Republic of Estonia and the Kingdom of Morocco for the avoidance of double...
20.11.2014
Ministry of Justice in Estonia have proposed that starting from 2016 failure to submit annual reports on time would lead to fines. Also, Ministry...
16.10.2014
The Swedish Supreme Administrative Court have asked from European Court of Justice (C-264/14 Skatteverket v. David Hedqvist) preliminary ruling on whether when...
14.10.2014
Estonian legislation defines Social (Security) Tax as financial obligation imposed on taxpayers in order to secure revenue for pension insurance and state health insurance. Social tax shall be paid on following: Wages and other remuneration...
06.10.2014
Annual reports The length of a financial year is estimated to twelve months (one calendar year, unless provided otherwise). There are several cases where the financial year may be shorter or longer than the previously mentioned term,...
15.09.2014
It is important to bear in mind that in Estonia in contrast to a number of European countries there is no systematic monthly corporate tax. Instead a resident company shall pay income tax on profits distributed as dividends...
08.09.2014
Personal income tax is imposed on the income of a taxpayer from which deductions pursuant to Estonian tax legislations have been made. The income tax shall be paid by natural persons and by employers who are natural persons...
30.07.2014
Changes regarding deductible VAT On the 3rd of July the President of the Republic of Estonia declared the amendments to the Estonian Value Added Tax Act (hereinafter the Act). The...
03.06.2014
On 20th of May 2014 the President of the Republic of Estonia Toomas Henrik Ilves proclaimed law (493 UA) for changing the current Value Added Tax Act with adding an annex to the VAT return...
25.03.2014
A resident of one country carrying on business in another other country generally will be subject to that country’s income tax if it has a permanent...
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For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu


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