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International Internet Magazine. Baltic States news & analytics Thursday, 28.03.2024, 21:39

Estonian Tax Board intends to pay more attention on earnings abroad

BC, Tallinn, 14.02.2014.Print version
The Estonian Tax and Customs Board said, commenting upon the start of the income tax declarations period, that it intends to pay more attention this year on incomes earned by people abroad, LETA/Pubic Broadcasting reports.

People can declare their 2013 incomes starting Saturday, February 15 on the Internet.

 

Estonian Tax and Customs Board services department senior specialist Hannes Udde said that the number of states that Estonia exchanges tax information with is increasing all the time. Even if the income earned abroad is already taxed abroad with a higher tax rate than in Estonia, it still has to be declared in Estonia although no extra tax is charged here. The step benefits the person's community though since a share of private individuals' income tax is channelled to the parish they live in.

 

Last year, over 8,000 people declared income earned abroad but the Tax Board thinks that the amounts should be much bigger and thus, it decided that over 6,000 people more had to do it later, after Tax Board inspections.

 

Postimees wrote that last year 650,000 people declared their incomes, 95% of them using e-Tax Board. This year the board expects at last 640,000 declarers. Last year the board returned 97.8 mln euros of income tax and this year forecasts returning 96 mln euros.


The first tax returns will be made on February 28 and people who had no tax debts during the past year, can benefit from that.

 

The last day to submit the income tax declaration is March 31 and the general income tax returns deadline is July 1.






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