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Estonia · Law · SE

706

Income Tax Act Amendment Act

avaldatud riigiteatajasEstonia· Riigikogu· ET

Introduced

29 September 2022

Last action

Status

AVALDATUD_RIIGITEATAJAS

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Discovery layer

Source updated

23 November 2022

Summary

According to the bill, the tax-free income will be increased to 654 euros per month. In addition, the draft extends the possibility of making income tax-free donations and gifts by resident legal entities to preserve the territorial integrity and sovereignty of Ukraine and to provide and organize targeted humanitarian aid. The change is based on the coalition agreement of the Estonian Reform Party, Isamaa Party and Social Democratic Party. Draft according to which the tax-free income of a natural person will be increased from EUR 6,000 to EUR 7,848 per year, i.e. from EUR 500 to EUR 654 per month. The change does not concern old-age pension recipients, to whom tax-free income to the extent of the average old-age pension will apply from January 1 of the following year and whose income is not subject to regressive tax-free income. According to the 2022 summer forecast, the average old-age pension in 2023 is 704 euros.

Machine translation from Estonian. The official text remains authoritative.

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Documents

23 official files

Lõpptekst asice

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