Estonian Parliament Adopts Certain Government Tax Plan Measures

On 15 June 2015, the Estonian parliament adopted a number of tax law amendments introduced by the government in April. The main changes of the plan that were adopted are in regard to individual income tax, social tax, VAT and excise duties, including:

• The annual individual income tax exemption/allowance will be increased from EUR 1,848 to:
  • EUR 2,040 in 2016;
  • EUR 2,160 in 2017;
  • EUR 2,280 in 2018; and
  • EUR 2,440 in 2019;
• Social Tax employer contribution will be reduced from 33% of employees' …