Future government plans wide-ranging tax reform
The new government plans to introduce an €315 million investment program, privatize, either in part or in full, four state-owned companies, lay down a banking tax, abolish income tax incentives on loan interests etc. Grand redistribution of taxes is also in the pipeline that will see minimum income exempt from tax raised from the current 170 euros a month to 500 euros from 2018.
18.11.2016, Tõnis OjaPM
Income tax on dividends could be lowered
Information available to Postimees suggests that the prime minister's economic growth working group will propose cutting the rate of income tax on regular dividends to 14 percent, instead of the current 20, as part of a package of changes next Wednesday. Regular dividend payments would be defined as the average distributed profit for the past three years. Anything above that would be subject to the current 20 percent rate.
04.11.2016, Joosep VärkPM
Listed companies go generous with dividends
While last year's total turnover and profit of our listed enterprises grew quite modestly (by one and two percent, respectively), dividends are rather generous. For several, dividends or payments from share capital reduction are manifold year-on-year.
27.05.2016, Tõnis OjaPM
Tallink rescues listed firms results
Of companies listed at Tallinn Stock Exchange with economic activity, a half i.e. seven improved results last year; eight managed to boost turnover. Three ended in red.
01.03.2016, Tõnis OjaPM
Norma backs out from making safety belts
A producer of car safety devices, Norma has been making safety belts for over four decades beginning in 1973. Now, a best known industrial enterprise in Estonia, they have focused on details providing greater added value.
21.12.2015, Tõnis OjaPM
In Estonia, a debtor lives the good life
Estonia is turning into a paradise for indebted private persons. It is mainly the «minnows» who toil to pay back debts over here, like those stupid enough to draw fast loans. Whoever owes a lot is sailing towards expiry of obligations or debt cancellation as allowed by law.
30.10.2015, Oliver KundPM
Baltika suffers loss of million in half year
Once a flagship of Estonia's light industry, brand garment maker and seller Baltika was hit so hard in financial crisis at end of last decade that it still staggers to this day. As evidenced by first half year report revealed yesterday, loss amounted to €1.1m.
31.07.2015, Tõnis OjaPM
Swedes pull €550m from Estonian Swedbank
Yesterday, Swedbank announced it would withdraw €400m as extraordinary dividends from profits accumulated in its Estonian subsidiary, on top of planned dividends of €150m.
09.07.2015, Kadri HansaluPM
The drive-thru Estonian shareholder meetings
«Let’s keep it quick and constructive,» were the opening remarks to shareholder’s general meeting by Katre Kõvask, CEO of ice-cream-maker Premia Foods. Quick and constructive (at times overly so) were almost all general meetings by listed companies this year where Postimees paid a visit.
10.07.2014, Tõnis OjaPM
Editorial: share glee, share gloom
The dividend coin has its two sides. Payment of these is sign of a company’s maturity, they say – rightly so, but still somewhat ironically. Which side is up, depends of the expectations one buys the shares with.
Tallinn Exchange heavy on dividends
This year, listed companies pay shareholders a total of €82m.
11.06.2014, Tõnis OjaPM
Swedbank blesses state with dozens of millions
Along with its quarterly economic results, Swedbank yesterday declared its new rules starting this year. Namely: in Estonia, as in other subsidiaries in the Baltics, a new dividends policy will apply, pursuant to which 60 percent of profits will be drawn out. For the Estonian state, this means tax income reaching into tens of millions of euros.
29.04.2014, Tõnis OjaPM
Business pockets historic dividends
In 2013, €1.5bn worth of dividends were declared at Tax and Customs Board – a whopping 35 percent more than the year before and by far the biggest money for the past decade or more. The data being fresh, Taxman has not had the time to do deep analysis to find out how this came to be: by some super payments or numerous newcomers.
28.01.2014, Kadri Inselberg