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Estonia flat tax1/19/2024 ![]() The Baltic state’s economy has been hit hard by the Russian invasion of Ukraine, and it’s economy shrunk by 4.1% in quarter 4 of 2022, and by 1.3% as a whole for 2022. Estonia’s tax regime was ranked as the most competitive amongst OECD members by the Tax Foundation. The Corporate and Personal Income Tax rates will rise 1 January 2025 according to the Bill. Personal and Corporate Income tax rates – Estonia operates a flat-rate model – will also increase 2% from 20% to 22. Press publications will rise from 5% to 9%. ![]() This is a change from the original proposal of moving to the standard rate. ![]() The reduced VAT rate on accommodation of 9% will rise to 13% reduced rate from 1 January 2025. This will come into effect on 1 January 2024. There will be a rise in VAT by 2% to 22%. One of the benefits of living in Estonia is the flat income tax rate of 20, which is one of the lowest in Europe. The new coalition government has approved today, 12 June 2023, to raise VAT and income taxes. Government approves 2% rise in VAT and income tax rates
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