Managing permanent establishment risk
Permanent establishment audits are trending amongst tax authorities, creating disputes and uncertainty for taxpayers.
1Office international tax advisory
1Office is happy to announce that you and your business are welcome to consult with our Tax Advice team.
Tax relief attracts Swedish companies abroad
The Swedish Supreme Court has taken up a case concerning a 63-year-old accountant who, through a limited company registered in the UK has helped other Swedish companies abroad to post revenues and expenses. However later the clients’ accounts were audited, several of them were convicted for economic crimes and accounting fraud in Sweden. The accountant…
Changes to how dividends are taxed 2016
April 2016 will bring about changes to how dividends are taxed. Dividends are annual cash payments made to holders of certain shares, which provide a vital source of income to many pensioners that rely on savings in retirement – many pick shares solely based on their dividend payouts. With the new system the current Dividend…
Tax changes in January 2016
The Estonian Parliament passed the Social Tax, Income Tax and other Acts Amendment Act On 15 June 2015. The Act comes into force in stages. The first amendments come into force on 01.01.2016. The main tax amendments The social tax rate will reduce. The social tax will be 32.5 % instead of the current 33…
Company´s tax arrears in Estonia
On numerous occasions the Estonian courts have had to solve disputes where the Estonian Tax and Customs Board requires the company’s tax arrears in Estonia to be paid by the members of the board personally. Today the Estonian Supreme Court’s practice in these disputes is quite substantial and allows to make conclusions about the meaning…
UK tax system explained to foreigners
The tax system in the United Kingdom is not easy to explain to foreigners. Arguably UK has the longest tax code in the world since 2009. Then international legal research company LexisNexis revealed their finding that the UK tax code has more than doubled in size since 1997, reaching 11,520 pages. The annual changes to…
Tax residency of a company
When does an Estonian company attract tax residency in a foreign country? The exemption from corporate income tax, a special characteristic of Estonia, attracts foreign entrepreneurs to register companies in Estonia. Estonian entrepreneurs in turn are acting more and more actively in foreign countries while trying to retain a minimal tax burden. This is why…
2015 changes to the Income Tax Act
The changes to the Income Tax Act came to force on 1st January Several changes of the Income Tax Act (abbreviated ITA) came to force from January 2015. 1Office brings out the most important changes of the Income Tax Act for entrepreneurs operating in Estonia. The basic exemption of a natural person increased by 120…
Taxation of import goods in Sweden
The taxation of non-Community goods in Sweden changes in the new year. From 1st January 2015 a company liable to pay VAT in Sweden needs to declare and pay VAT on import goods in the Swedish Tax Agency. According to the order in force so far VAT on import goods was declared and paid in…