On 12 June 2012, the Ministry of Finance presented draft amendments to the Income Tax Law (the Law), which are mainly aimed at eliminating the discriminatory tax rules for non-resident investment funds. If adopted by the parliament, the amendments will enter into force on 1 January 2013. The details of the major amendments are summarized below.
Elimination of discrimination against non-resident investment funds
In 2011, the European Commission had requested Estonia to amend its discri…