Reverse charge on metal products Nov 17

In future, only one invoice can be issued for the reverse charge

Read more ›

Compensation of Sports Expenses from 2018 Oct 27

Starting from January 2018, employers may compensate expenses incurred in improving employees’ health tax-free to the extent of 100 euros per quarter. These expenses include costs related to the use of sports venues, the maintenance of sports facilities, rehabilitation services and participation fees for public sports events. Under the current Income Tax Act, most expenses incurred in improving employees' health are deemed to be fringe benefits, which are subject to income tax and social tax.

Read more ›

Business account for natural persons Oct 12

The Simplified Taxation of Business Income Act is a new act that will enter into force on 1 January 2018.

Read more ›

Graduated Exemption from Income Tax in 2018 Sep 28

Starting from 1 January 2018, the basic exemption for a natural person earning up to 1200 euros per month (14,400 euros per year) will be 500 euros per month (6000 euros per year).

Read more ›

Intragroup loans can bring about tax liability Sep 18

The new version of the Income Tax Act, which stipulates important amendments concerning the taxation and declaration of loans given to the shareholders or members of commercial undertakings, will enter into force on 1 January 2018. The new provisions will regulate concealed distribution of profits, intragroup loans being one way of doing this.

Read more ›

Transporting contractual employees to work no longer subject to tax as of August 2017 Aug 31

An amendment to the Income Tax Act will enter into force as of 1 August 2017, pursuant to which the employer’s business-related expenses made for transporting an employee who works on the basis of an employment contract between their place of residence and workplace will not be deemed to be a fringe benefit if the employee’s place of residence is located at least 50 km from the workplace or if the employer organises transport with a vehicle that has at least eight seats or a bus for the purposes of the Traffic Act.

Read more ›

Changes in fringe benefits as of 1 July 2017 Aug 16

Just before the start of its summer holidays, the Riigikogu passed the Act on Amendments to the Income Tax Act and Related Acts, which will enter into force partially from 1 August 2017 and partially from 1 January 2018. Some of the amendments that are more favourable for taxpayers will be implemented retroactively from 1 July 2017.

Read more ›

Sickness benefit can now also be paid for the second and third days of sickness without social tax obligation Aug 01

The Act on Amendments to the Income Tax Act and Social Tax Act that entered into force at the start of 2017 made it possible for the employer to also pay benefits for the second and third days of sickness on the basis of a sick leave certificate without social tax liability in the amount of up to 100 per cent of the employee’s average wages.

Read more ›
: