News
Important tax amendments that have entered and will enter into force in 2016
INCOME TAX Maximum daily allowance increased The tax exempt limit of daily allowances during assignments abroad is 50 euros for the first 15 days of…
It is important to differentiate the transfer of an enterprise from sales of goods. The risk is primarily taken by the buyer
No VAT is added in the first case and the buyer does not have the right to deduct input VAT, and in the second case,…
Compensation for damages or expenses is not turnover
Taxpayers know that everything which is not a service is goods. However, things get complicated when we’re dealing with something that does not fall into…
Change in declaration of long-term cross-border services in value added tax returns
Pursuant to the legislation in force before the amendment, the supply of services was considered to have occurred or the services were considered to have…
Changes in approach to VAT payable on goods and services sold to European Union institutions and NATO armed forces
Replacing the VAT refund system with tax exemption (or, to put it correctly, taxation with a 0% tax rate) will considerably reduce the administrative burden…
Formal omissions on invoices not an obstacle to deduction of input VAT
In the analysed dispute, the tax authority did not allow the taxable person to deduct input VAT for the reason that the buyer’s VAT registration…
A person cannot be deleted from the register of persons liable to VAT for the reason that their business is only partially proven
In the course of an audit of engaging in business, the representative of the taxpayer appeared before the tax authority and gave explanations and, later,…
Similar restrictions will from now on apply to the sale, use and promotion of electronic cigarettes as in the case of other tobacco products
On 8 June, the Riigikogu enacted the Tobacco Act Amendment Act that transposes the new Tobacco Products Directive of the European Union. This directive seeks…
Deduction from rental income of a natural person
A new provision was added to the ITA. According to the provision, 20% is deducted from rent (subsection 1 of § 16 of the ITA)…