Entrepreneurs see profit tax as threat to competitiveness
Enterprise organizations are afraid that Finance Minister Sven Sester's (IRL) plan to employ an income tax pledge to stop profits being taken out of Estonia free of tax constitutes an ill-considered plan that could ward off foreign investors.
20.01.2017, Lennart RuudaPM
Internet giants earn tax-free millions in Estonia
The advertising volumes of Facebook and Google are increasing unstoppably, earning millions worth of advertising revenue in Estonia, on which the do not have to pay taxes. Experts point out that this situation should no longer be tolerated.
27.12.2016, Karel ReisenbukPM
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
Kruuda feels state flex muscles
On Tuesday, about a dozen armed tax policemen burst into Tere offices at Pärnu Highway. For hours, they digged into documents and hauled off computers. The initial public procedure regarding a secret criminal investigation underway for a year.
18.08.2016, Nils NiitraPM
Soc Dems demand add-ons to coalition treaty
Having convened yesterday, Soc Dem board opted to continue talks with partners-i-government in order to enter additional clauses deemed important during August.
10.08.2015, Helen MihelsonPM
IRL «benevolent» towards Soc Dem treaty tweaking initiative
Convening yesterday afternoon, IRL elders opted to continue talks concerning proposals to alter the coalition treaty as pressed by Social Democrats.
06.08.2015, Helen MihelsonPM
Tallinn soc dems present proposals to tweak Estonian coalition treaty
Monday night, Soc Dems Tallinn region board forwarded its advice on how to alter the coalition agreement, main points being rise of income tax free minimum, a ceiling set to elections costs, and inclusive budgets for local governments.
15.07.2015, Andres EinmannPM
Estonian parlt passes tax law amendments
The Riigikogu on Monday passed amendments to the Social Tax Act, Income Tax Act and other laws according to which the excise duties on alcohol, tobacco and fuel will be raised faster than planned by the previous governments and the value added tax on accommodation services raised from 9 percent to 14 percent.
Minimum wagers to get extra €900 per year
At least in terms of financial support, the incoming government leans towards the poor and families with kids. This, say social workers, will ease the tens of thousands barely making it payday to payday.
09.04.2015, Anneli AmmasPM
Maris Lauri: major tax system overhaul excluded
In opening address to KPMG tax conference yesterday, finance minister Maris Lauri (Reform) said that while coalition talks were yet to agree on tax changes, cardinal changes are surely excluded.
13.03.2015, Kadri HansaluPM
Big parties would bring taxes down
For years, the pre-elections political rhetoric has been don’t play with taxes. This time, all parties are throwing proposals more or less radical.
21.11.2014, Anneli AmmasPM
September tax receipts up almost 10 pct on year at EUR 453.5 mln
In September 453.5 million euros of tax money was paid into Estonia's state budget, 9.8 percent more than in the same month last year.
To every mouth a morsel
Predictably, the budget bill shaped with general elections in mind is cautious yet bursting with good news. In it, chief promises by both coalition buddies are fulfilled, such as the lowering of income tax rate (squirrels) and rising of child benefits (soc dems).
24.09.2014, Kadri HansaluPM
The budget brings quite a headache
Money «pre-eaten» by costly coalition promises and nearly nonexistent economic growth.
18.08.2014, Kadri HansaluPM
Move to Finland cuts quarter off pension
Indoors, she walks on her own. Outside, an aid comes handy. After losing her two sons, Helmi was left a single pensioner. Her only hope – Tiia, the daughter – lives in Finland (not real names – edit).
01.08.2014, Rivo VeskiPM
Tax clouds gather over small farmers
Among the herds of tax-changes in pipeline by the new government, they desire to chop income tax off several agricultural refunds paid to self-employed farmers.
20.06.2014, Kadri InselbergPM
Editorial: the timely tax talk
There are four bigger banks in Estonia: Swedbank, SEB, Danske Bank, and Nordea. In 2010–2012, the Golden Quartet made €1bn plus of net profit, between the four. A billion euros is very big money. To compare: this year’s state budget – upholding entire Estonian state – is €8bn. Might be more, but that’s what we have. What we do not have, even Death can’t take, to say nothing of the Taxman.
Voluntary income tax proposed for banks
For years, the banks haven’t paid a cent of income tax on their giant profits. Aivar Sõerd, former Tax Board chief and Minister of Finance, wants to change this.
27.01.2014, Tõnis OjaPM
Former economy minister: income tax isn't fair
Instead of taxing income, taxes ought to be collected from use of recourses such as land or roads, thinks entrepreneur and former economy minister Meelis Atonen.
18.12.2013, Kadri InselbergPM
Estonian tax authority has spent EUR 65.5 mln on 2012 refunds so far
The Estonian Tax and Customs Board has to date paid out 65.5 million euros in income tax refunds for 2012 on the basis of 283,638 tax returns.
Scientist: income tax incentive for companies now a relic
According Urmas Varblane, academician and a professor of international enterprise at University of Tartu, the companies’ exemption from income tax, once a boost for Estonian economy, has now become a relic.