Amendments to the Law On the Vehicle Operation Tax and Company Car Tax

The amendments to the Law On the Vehicle Operation Tax and Company Car Tax are being prepared for the third Parliamentary reading. They include a number of clarifications in the tax administration and the application of tax relief, including a new provision concerning the exemption of Company Car Tax.

The draft amendments stipulate that the Company Car Tax is not charged for an individual’s vehicle which is used on the basis of the lease contract and on which from the person when paying the rental fee, the personal income tax is being withheld in accordance with the procedure of the law “On Personal Income Tax”.

If you are interested in the news of tax, employment and other business-related legislation in Estonia and Lithuania, please visit Estonian news and Lithuanian news

Recent Posts

March 12, 2024

Leinonen Group is searching for an Assistant Controller

Leinonen Group is searching for an Assistant Controller based in Tallinn or Helsinki, to work with Group CFO to develop financial processes and tools in…

Continue reading
February 21, 2024

Digitalize Your Business Payrolls With E-invoice In Latvia

Undoubtedly, invoicing is the most important and foremost task for every business when it comes to streamlining everything. It helps the business owners & managers…

Continue reading
February 19, 2024

Navigating Cross-Border Payroll and Taxation in Latvia

In our modern world, where businesses often cross borders, understanding payroll and taxation in different countries is becoming essential. With businesses frequently operating beyond their…

Continue reading