Accounting Act e-invoicing legislation still to be confirmed for 2025 Estonia’s Ministry of Finance is planning to update its Accounting Act to give resident B2B customers the option to insist on e-invoices from their suppliers. This would revising the definition of ‘machine-processable invoice’ or e-invoice
Government approves 2% rise in VAT and income tax rates The new coalition government has approved today, 12 June 2023, to raise VAT and income taxes. There will be a rise in VAT by 2% to 22%. This will come into effect on 1 January
15.6% inflation prompts targeted VAT cuts ahead of proposed standard rate rise to 22% in 2024 Whilst headline inflation rate in the Baltic state of Estonia is falling back – dropping from the August 25% peak to 15.6% in March – the parliament, Riigikogu, is
Intrastat reporting threshold to increase 1 January 2023 Estonia has raised its Intrastat reporting thresholds for 2023 as follows Arrivals: increased to €270,000 per annum from €230,000 Dispatches: increased to €400,000 per annum from €130,000 Read more in our Estonia VAT guide. Check EU intrastat
Parliament review VAT rate cuts to food, restaurants and other services The Riigikogu, the Parliament of Estonia, is reviewing a Bill to reduce to the reduced VAT rate of 5% the following supplies: Food excluding alcohol and tobacco Restaurant and catering feed and mixed feed
Supplementary support for transport and the press sector as war in Ukraine extends The Baltic state of Estonia and passed measures to reduces taxes to reflect the ongoing security position in the region following the Russian invasion of Ukraine. The changes include: Excise diesel is
12.4% inflation prompts cut in fuel VAT rates 30 April 2022 Estonia is the latest country to turn to a temporary Value Added Tax rate cut to help combat spiking prices on the global energy markets. VAT on petrol, diesel, heating oil and gas will
Harmonised VAT on e-publications and paper equivilants Estonia has introduced a range of tax measures to help businesses and consumers during the COVID-19 health and economic crisis. The Value Added Tax measures include: Electronic book and educations books will be reclassified to the 9% reduced
The Baltic state of Estonia has raised the Value Added Tax registration threshold to €40,000. This will apply from 1 January 2018. It had previously been set at €16,000. Check EU VAT registration thresholds via VAT Calc’s live tracker. This threshold is only available to
