Currently, residents of Estonia can perform most of their transactions digitally using their Estonian ID card. For example, an ID card allows the following from anywhere in the world through the internet: to securely sign documents digitally, to establish an Estonian company within an hour, register changes and actively participate in company management, to make […]
1. Taxation of company cars changes As of 1 December 2014, amendments to the Estonian Value Added Tax Act (VATA) on taxation of vehicles take effect. Instead of the current 100% input VAT rate, entrepreneurs can now deduct only 50% of input VAT on purchase and use of a car under an operational lease as […]
Dear clients and cooperation partners, On 1 January 2015, VAT Law amendments will come into force with regard to VAT on telecommunications, broadcasting and electronically supplied services. The amendments introduce a change in the principle of determining the place of supply for telecommunications, broadcasting and electronically supplied services to non-taxable persons established in other member states. Under […]
New rule for employee registration before commencing work Taxation Act amendments to create a national register of employees were enacted by the Parliament (Riigikogu) on 26 March 2014. Details of everyone starting work in Estonia must be registered in advance. The amendments are due to enter into force on 1 July 2014 According to an […]
Dear SORAINEN client and cooperation partner, Please find below another overview of recent significant tax law-related Supreme Court cases and legal amendments, which we consider relevant for all undertakings. This newsflash covers the following issues: Sale of immovable property is not always transfer of an enterprise Amendments to the Taxation Act Increasing taxation pressure on […]