On 27 September 2018, the Estonian parliament announced the acceptance for consideration of the draft law for the 2019 Budget and other legislation for 2019, including legislation (Bill 705 SE) for the amendment of the Income Tax Act for the introduction of measures to comply with EU Anti-Tax Avoidance Directive (ATAD). This includes:
- The introduction of a new GAAR, which includes that an arrangement or a series of arrangements may be disregard if put into place for the essential purpose of…