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…