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Unlike Lithuania, where the CIT rate increased from 5% to 6% (for small businesses) and from 15% to 16% for others, there are many more changes in Taxes in Estonia. What exactly has changed there? Income tax CIT and PIT rates increased from 20% to 22%; The 14% CIT rate (+7% PIT if the recipient […]
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I wrote about the info obtained by the ‘Financial Times’ in the UK about the increasing number of cases of voluntary income declaration. We also have a similar law, which allows you to obtain info. Freedom of Information Act FT was based on the UK Freedom of Information Act. Could a similar Latvian law be […]
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The FT reports that the number of people reporting their undeclared foreign assets to the UK tax authorities has increased by 22%. Why are people reporting more often? People are not reporting voluntarily What has forced them to do this in the last year? The Financial Times article says that: The UK budget has allocated funds for […]
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Recently, there have been several interesting stories from various sources on the topic of art galleries. As usual, in this case, too, one cannot do without dealing with taxes. Cash transactions? Shortly before Christmas, I purchased this wonderful work by artist Krista Dzidzulo, made with charcoal, at an auction organized by the Kim? gallery. When […]
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Estonia’s economy has faced challenges over the past three years. However, a turning point is within reach, with signs of growth becoming evident, as highlighted on the podcast Sorainen Frequency by our Country Managing Partner, Kaupo Lepasepp, and the Prime Minister of the Republic of Estonia, Kristen Michal. The Prime Minister aims to return to […]
