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Estonia  Income Taxes and Tax Laws 2015













Last partial update, March 2015

Income Tax Rates in Estonia in 2015
  • An individual's income is taxable, as at 2015, at the rate of 20%.
  • A limited company is liable for tax at the rate of 20%.
               - The tax does not apply to accumulated undistributed profits.
               - The tax applies to an actual distribution of profits by the company, mainly to a dividend or to gifts and benefits that have been distributed. The tax payable is at the rate of 20/80 of the actual payment (20% of the gross profit).


Estonia Capital Gains
  • In most cases, capital gains of companies and individuals in Estonia are added to the regular income. For companies the tax charge is when distributed.




Estonia Overseas Income
  • An individual who is resident in Estonia and an Estonian company are liable for tax on their income outside Estonia as well.
  • From the aspect of the individual:
               - A stay in excess of 183 days a year in Estonia qualifies him as a resident of Estonia.
               - A permanent residence in Estonia qualifies him as a resident of Estonia.


Estonia Reporting Dates and Payment
  • The tax year in Estonia ends on December 31. Companies are obligated to report monthly with payment on the 10th day after the end of the current month.
  • An individual is obligated to submit an annual report by March 31. Penalties are imposed in the case of a delay in submitting the annual report as well as a fine for each day's delay in payment of the tax due.
  • An individual whose entire income is from a salary or whose income as a self-employed individual is less than the amount defined in law, is exempt from submitting an annual report.




Estonia Deduction of Tax at Source


Taxation of Employees:
  • As regards salaried employees, the employer is obligated to deduct tax at source. Each month from a salaried employee and to make additional contributions to social security.
  • The employer's contribution to national insurance is 33% and that of the employee is 1.6% for unemployment insurance.


Other deductions (payment to non- residents):
  • Dividend - 0%.
  • Interest - 0%.
  • Royalties -10%. (zero if subject to the EU directive)
  • Services, artists' income and that of sportsmen and women - 10%.


Comments:
  • Deduction at source for payments to foreign residents is subject to the Double Taxation Prevention Treaty.







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