HomePage | Contact Us | About Us

Web worldwide-tax.com

Estonia Tax News 2009

Estonia New V.A.T. Rate July 2009 From July 1, 2009 the standard V.A.T. rate was raised from the previous 18% rate to 20%. From 1.7.2009 there are some amendments regarding labour laws too. Sickness benefit will be paid by employers from the 4th day of the illness, compared to the previous 2nd day limit. The employer has to pay 70% of the average salary for the 4th to 8th days of the sickness. From the 9th day onwards sickness benefit is paid by the Estonian health insurance fund. Estonia New V.A.T. Rates September 2008 Estonia is planning to increase the reduced V.A.T rate on certain goods and services, e.g. medicines and accommodation, from the current 5% rate to 9%. According to www.balticbusinessnews.com the proposed change would add EEK 270 millions to the Estonian budget. Estonia Income Tax JANUARY 2007 From 1.1.2007 the new flat income tax rate for companies and individuals is 22%(2006 rate-23%). The flat rate would be further reduced to 21% in 2008 and 20% from 2009. Estonia Income Tax JANUARY 2006 From 1.1.2006 the new flat income tax rate for companies and individuals in Estonia is 23%(previous rate-24%). The monthly exempt income for a resident individual is EEK 2,000. Estonia Taxes September 2005 The parliment approved new tax amendments. The flat income tax rate for companies and individuals(24% in 2005) would be reduced to 23% in 2006, down to 20% in 2009 (1% annual reduction). From 1.1.2006 the monthly exempt income for a resident individual would be EEK 2,000. Estonia Income Tax January 2005 From January 2005 the new Estonia individual tax rate is 24% (previous rate - 26%). Estonia Income Tax May 2004 Estonia corporate income tax rate for distributed income (26/74 in 2004) would be reduced from 1.1.05 to 24/76, from 1.1.06 to 22/78 and from 1.1.07 to 20/80. Estonia individual income tax rate (26% in 2004) would be reduced from 1.1.05 to 24%, 22% from 1.1.06 and 20% from 1.1.07.

© All copyrights reserved