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InfoCourier - October 2018

InfoCourier - October 2018

InfoCourier is a monthly newsletter which gives an overview of the latest changes in legislation.

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KPMG InfoCourier - October 2018

Amendments to Income Tax Act

A bill to amend the Income Tax Act is currently passing through the Parliament of the Republic of Estonia. The purpose of the bill is to transpose the requirements of the EU Anti-Tax Avoidance Directive to national legislation from 1 January 2019 (e.g. the general anti-abuse rule, rules for the taxation of exceeding borrowing costs, exit taxation rules and controlled foreign company rules). Furthermore, it will make a few minor changes to the taxation of the income of non-resident natural persons. 

A detailed overview in Estonian will be available on our webpage.

For further information, please contact Einar Rosin, tax adviser, erosin@kpmg.com 

Amendments to Value Added Tax Act

A bill to amend the Value Added Tax Act is currently passing through the Parliament of the Republic of Estonia. Among other things, the bill will set out new taxation policies for transactions involving vouchers, loosen the requirements that have to be met for paying VAT on imports via the VAT return and specify special arrangements for imposing value added tax on electronic communications services and electronically supplied services.

The amendments to the Value Added Tax Act are expected to enter into force on 1 January 2019 and in respect to paying of import VAT via VAT return in 1 February 2019.

A detailed overview in Estonian will be available on our webpage.

For further information, please contact Merike Oja, tax adviser, moja@kpmg.com 

© 2019 KPMG Baltics OÜ, an Estonian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

KPMG International Cooperative (“KPMG International”) is a Swiss entity.  Member firms of the KPMG network of independent firms are affiliated with KPMG International. KPMG International provides no client services. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm.

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