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Estonia Summary Guide

Estonia Summary

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.

 
 

Individual Business Briefing: Estonia

 

Network Latest News

Structural Tax Measures Would Secure Euro For Estonia: IMF

Wednesday 13/1/2010

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.
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Ireland Tops Europe For Ease Of Paying Taxes

Friday 8/1/2010

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.
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Isle Of Man-Estonia DTA Enters Into Force

Wednesday 30/12/2009

The comprehensive double tax convention signed between the Isle of Man and Estonia on May 8, 2009, has entered into force.
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Estonia Summary Guide Contents

 Estonia Summary

 Estonia Summary Chart

 Estonia Residence

 Taxation of Business People in Estonia

 Living and Doing Business in Estonia

 Business Forms in Estonia

Latest Comments

Purchasing investment-link insurance for my staff

Would that count as income tax to my staff? And would that count as expense to my company?Michael

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Late Payments

Hi all,

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?

TIA for any help!Roger

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Offshore Firm Formation and Tax Laws

Hi there :). Do any 1 find out how can i download and read Tax Procedures for United states in file format?AJGreg

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Woking Overseas

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.

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Foreign Contract

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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This feed is published daily with selected new or updated content from across our network. For a list of network sites, many of which feature daily news, see below.

 
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Lowtax Network Sites
Lowtax Network Portal: 'Low-tax' business and investment in the top 50 jurisdictions covered in exceptional detail.
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Investors Offshore: The independent offshore and alternative investment guide for expatriates and the globally aware investor. Sponsored by HSBC Bank International.
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