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MOF Proposes Tax Amendments for Small Businesses and VAT Clarification for Buildings

  • Estonian Ministry of Finance proposed amendments to tax measures for small businesses
  • Proposal includes transposing EU’s special regime for small businesses into Estonian law
  • Estonian entrepreneurs required to notify Tax and Customs Board upon implementation of special regime
  • Intra-community turnover declaration to be merged with normal turnover declaration
  • VAT to be applied on sale of new or uncommissioned building within one year of completion
  • Calculation of input tax paid on acquisition of fixed assets to be changed

Source: news.bloombergtax.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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