Dramatic changes to CIT system would affect economy
Priit Raudsepp, sworn attorney and managing partner of Law Firm GLIKMAN ALVIN, worked closely with other leading tax specialists from International Fiscal Association Estonia. As a result a reasoned opinion was prepared and sent to Ministry of Finance and Estonian Parliament. Tax specialists advise not to undermine unique Estonian corporate income tax system that has been effective since year 2000. Planned changes would introduce CIT obligation to certain inter-company loans. Such tax obligation is called in Estonian panditulumaks (direct translation: CIT of pledge). Panditulumaks would hinder investments to Estonia and business of international corporations.
Read more from Äripäev.
The entire opinion can be read here!
Tax catch: is it service or employment?
E-journal: tax law (September 2015)
Right decisions of Latvia overthrew Estonia from its leading position
E-Journal: tax law (December 2014)
This GLIKMAN ALVIN’s e-journal of tax law introduces the following and relevant thematic news:
New weapons of Tax Board
“New Weapons of Tax Board”. This is the largest headline on the cover of today’s Äripäev. Attorney-at-law Priit Raudsepp has explained the background of amendments entering into force in November.