Changes in several tax rates and minimum wage There are several changes in Estonian tax rates in 2017, including non taxable basic exemption for salaries and minimum obligation for social tax to be paid. Minimum wage (minimum gross salary for full-time employees) – 470 eur (430 eur in 2016) Minimum hourly wage – (minimum gross hourly salary) 2,78 eur (2,54 eur in 2016) Corporate Income tax rate remained same – 20% (it is 20/80 or 25% from net[…]
Establishing Private Limited Company (OÜ) in Estonia The private limited company (osaühing or OÜ in Estonian) is the most common form of business in Estonia. The advantages of the private limited company: simple and quick registration; low share capital requirement (2500 euros); shareholders have no personal proprietary liability for the private limited company’s obligations. From 01.01.2011 a private limited company can be established without contributing the share capital if the proposed area of activity does[…]
Information about Estonian Taxes The Estonian taxes consists of national taxes and local taxes collected by local governments in their jurisdiction. National taxes include income tax, social tax, land tax, gambling tax, value-added tax, duty and excise taxes and heavy vehicle tax. Estonia does not impose any gift, inheritance or estate taxes. Various transactions may be subject to payment of state fees, for example for registering new company you must pay 190 EUR for government[…]