Tag: Tax
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Estonian CIT Rate Depends on…
…one key factor. When applying so-called “Estonian” CIT, companies can take advantage of deferring tax until profit is distributed. However, when planning settlements, it is important to remember that in order to achieve the lowest effective tax rate, as much of the profit as possible should be paid out when using this solution. It is …
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Pro-growth Tax Relief
Pro-growth tax relief, also known as expansion tax relief, is a tool that can potentially be used by a wide group of taxpayers. Under the Corporate Income Tax Act, taxpayers who have manufactured products in the course of their business activities are entitled to this tax relief. However, there appears to be ambiguity as to …
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Higher Tax Rates on ‘Home Offices’?
Poland’s Ministry of Finance has recently taken the position that if a residential building is rented out by a sole trader running a business, then this is considered a business activity even if the tenant is only renting out the property for purely residential purposes. This may, of course, mean that tenants can expect a …
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