close
Share with your friends

InfoCourier - December 2018

InfoCourier - December 2018

InfoCourier provides a monthly overview of the latest changes in legislation.

1000
Joel Zernask

Partner, Head of Tax Services

KPMG Baltics OÜ

Contact

Related content

InfoCourier - December 2018

Amendments to Taxation Act adopted

The act will change and specify the definition of tax arrears, remove differences between an individual case and a tax audit, create an option to reduce interest on tax arrears if tax arrears are settled in instalments, etc. The amendments will enter into force in two parts: some on 1 January 2019 and some on 1 January 2020.
A detailed overview in Estonian will be available here.

Amendments to Value Added Tax Act adopted

The amendments to the Value Added Tax Act that were introduced in our InfoCourier for October were adopted without any changes. They will enter into force in two parts: some on 1 January 2019 and some on 1 February 2019.
A detailed overview in Estonian will be available here.

Taxation of compensation for public transport ticket costs

The Parliament of the Republic of Estonia adopted amendments to the Income Tax Act under which compensation paid for public transport ticket costs incurred by employees when travelling between their residence and place of employment is not classified as a fringe benefit. The amendments will enter into force on 1 January 2020.
A detailed overview in Estonian will be available here.

New options for making capital contributions

Amendments to the Commercial Code which will enter into force on 1 January 2019 also allow making capital contributions on setting up a limited liability company (osaühing) using an account with a bank or payment institution established in a contracting party of the European Economic Area. Contributions can currently be made using an account opened at an Estonian credit institution only.
A detailed overview in Estonian will be available here.

Lower excise duty rate for companies with high gas consumption levels

The Parliament of the Republic of Estonia has adopted amendments to the Alcohol, Tobacco, Fuel and Electricity Excise Duty Act which provide a reduced excise duty rate of EUR 11.30 per 1,000 cubic metres for companies with high gas consumption levels. The amendments will enter into force on 1 January 2019.
A detailed overview in Estonian will be available here.

© 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.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal