Car taxation in the company
Are you look to buy a new car as an entrepreneur? Then please think thru this decision thru smartly. Without considering some important nuances, a new car may at one point end up being too costly tax-wise. Personal car for business use What to keep in mind when deciding to buy a new car a private individual and use that personal car for the benefit of your company? For which car could-->
Follow-up wage subsidy
The Supervisory Board of the Estonian Unemployment Insurance Fund proposed to the Government of the Republic to compensate the employees of the companies affected by the restrictions for their March salaries. The estimated cost of the subsidy will be EUR 38 million and it is only a one-month support measure. Which companies can claim wage compensation and under what conditions? The subsidy is paid to employers operating in areas significantly affected by-->
Examples of payment of daily allowance during assignments abroad from 1 January 2016
03.11.2015 As of 1 January 2016, the amendment of section 13 subsection 3 clause 1 of the Income Tax Act (ITA) will take effect, according to which the tax exempt limit for daily allowance during an assignment abroad will be 50 euros for the first 15 days but not for more than 15 days per calendar month, and 32 euros per every subsequent day. This means that the ITA sets two conditions-->
Tax rates and basic exemption in 2016
In 2016 the amount of basic exemption, increased basic exemption in event of pension, and the monthly rate which is the basis for the minimum social tax obligation will change. Income tax is withheld at the rate of 20%. Basic exemption is 170 euros per month (the recipient of the payment must make a corresponding application). Increased basic exemption in event of pension is 225 euros per month (only applied to recipients-->
