Estonia achieved independence from the old Soviet Union in
1991. Situated in northeast Europe, Estonia has a large coastline
on the Baltic Sea. Estonia joined the European Union in 2004
and is also a member of NATO.
Although Estonia has yet to adopt the Euro as its currency,
it seems increasingly likely this will take place at some
point between 2011 and 2013. The Estonian Kroon (EEK) is the
existing currency.
GDP continued to grow until 2008 when it fell by 1.8% and
again by 2.1% in 2009. It is projected that the economy will
grow by 3% in 2010. GDP was USD25 billion in 2009 and is forecast
to grow to USD26 billion in 2010. Inflation has generally
been kept under control but the rate rose to 10.7% in 2008.
It is generally acknowledged that Estonia’s economy
will emerge from the recession in 2010.
The country has more than 40 double taxation avoidance (DTA)
agreements in place at the time of writing.
The International Monetary Fund in its Article IV consultation with Estonia,
commended the government for fiscal measures introduced to ensure that state
debt remains below the Maastricht Criterion of 3% of gross domestic product in 2010, laying the
foundations for Estonia’s adoption of the Euro in 2011. RSS
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Ireland is the easiest country in Europe in which to pay business taxes for the
third year running and the sixth easiest in the world, according to a new report
by PricewaterhouseCoopers, the World Bank and the International Finance Corporation. RSS
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Updates
Just wondering if anyone had any tips on getting clients to pay up in a timely fashion?
Am a freelance writer, with a number of regular gigs with online and offline publications, but, with a couple of exceptions - which have just about kept my head above water some months - they're all pretty awful at paying up on time. The payments trickle through eventually, but often not without pushing from me.
It's really getting me down, and may well end up sinking me financially. So...what do you do?
I am not an Irish citizen but have been based in Ireland for many years. For the last 6 years I have worked overseas (outside EU) only spending max 6 weeks holiday a year in Ireland. For the time I have been overseas I continued to make an Irish tax return and there was no liability to foreign tax. It is possible that I will secure a 2 year contract overseas that will substantially increase my income. This new contract will require that I pay local income tax. What can I do to minimise Irish tax liability? It may be possible to have salary paid in a double tax agreement location if this would help.
I am looking to set-up as a sole trader in Ireland. One of my clients is an American company paying into my Irish account for work done. Do I have to pay taxes in both countries, or how does this work? Help!M
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