9/22/2023 0 Comments Estonia flat taxIt must be noted that the new tax regime does not focus only on a salary earned by the employee but the entire income a person earns in a year. The change in the tax law is directly affecting physical persons as taxpayers but the changes certainly indirectly influence the dividend income for legal persons. EUR 2,101 and higher: no tax exemption applied.EUR 1,201 – 2,100: income tax exempt amount will gradually decrease based on the formula published by the Estonian Tax and Customs Board: 500 – 0,5556 * (gross income – 1,200).Up to EUR 1,200: income tax-exempt amount to be deducted from the tax base is EUR 500.The newly established progressive tax rate focuses on three levels of personal income (per gross monthly income): Ultimately, there is no tax-exempt amount when the income reaches EUR 2,101 (gross per month). ![]() ![]() As of 1 January 2018, the tax-exempt amount is EUR 500, which will gradually decrease simultaneously as the income increases.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |