From the 1st of January 2015 the new VAT order will begin to apply to B2C electronic services providers due to directive 2008/8/EC of the European Commission. The specified services will start to be taxed in the country where the recipient of the service is located. Which electronic services will taxation change for? The changes…
Starting from 1st of January 2013, the income tax in Sweden, applied for companies, is 22%, instead of the previous 26,3%. The old tax rate still applies for the companies which financial year started before the 1st of January 2013. In 2014, the income of Swedish companies for the year 2013 will be taxed with…
New minimum gross monthly salary of 320 euros is not yet approved Minimum gross monthly salary is still 290 euros, until the government approves new minimum with its decree. The Estonian Trade Union Confederation and The Estonian Employers’ Confederation signed an agreement on 21st of December 2012, which stated a new minimum gross monthly salary…
The Finnish government agreed on March 21st to set new tax rates by adopting the central government spending limits for 2014-2017. The corporate income tax rate will be cut from 24.5% to 20%. The new tax rate is planned to become effective as of 1st of January 2014. This reduction will however be paired with…
There will be changes to the Value Added Tax Act on 1st of January 2011. Most significant changes are: 1. Report on intra-Community supply of goods or service has to be presented monthly for the deadline of 20th date of each month. Previously it had to be done quarterly. 2. VAT on purchase of a…
Introduction of euro in Estonia will also slightly change the allowed limits of non-taxable costs. 21st of October 2010 Starting from 1st of January 2011 Estonian companies have following limitations for business related costs. Limits in euro for non-taxable business related costs REPRESENTATIONAL EXPENSES: company can spend up to 32 EUR per month for restaurant…