Tax services in Estonia
Estonian tax system is considered to be simple and liberal. Compared to most European countries, the major difference is that income tax has only one general flat rate and the corporate income tax is 0%. Company taxation includes the taxation of employees, VAT and the tax in case of company profit is distributed (dividends), which accordingly is 27% (21/79) of the profit distributed.
The VAT is 20% for most goods and services. The VAT for some goods, for example books, medicines are taxed with reduced VAT rate 9%. General VAT registration requirement for business entities is 16 000 EUR turnover, calculated per year. The registration obligation of foreign traders, without any permanent establishment in Estonia, may arise from the first day they start business in Estonia.
For further assistance on tax planning, please contact our law firm.
The full list of fields of our expertise in taxation is as follows:
|
For questions, please, contact Valters Gencs, attorney at law at info@gencs.eu
The material contained here is not to be construed as legal advice or opinion.