On 19 February, the Parliament of Estonia (Riigikogu) passed the draft Taxation Act amendment according to which there must be at least six months between the passing and entry into force of the tax law and its amendments. The proposal for the draft was made by the Estonian Chamber of Commerce together with 1,300 entrepreneurs.
From the beginning of this year official translations from Estonian into foreign languages can be made only by sworn translators. This means that from 1 January 2015, notaries no longer verify correctness of the translator’s signature.
The extraordinary meeting of the Finance Committee of the Parliament that took place this morning, decided to initiate a draft act according to which there must be at least six months between the passing and entry into force of the tax law and its amendments.
Chamber of Commerce in cooperation with Enterprise Estonia are organising a number of contact visits, which give Estonian entrepreneurs the chance to learn about the opportunities offered by and business culture of the specific countries, to meet with local entrepreneurs and find cooperation partners.
At the moment there are still places available for visits to France, Germany and Italy.
Entrepreneurs who can participate in the visits must have previous export experience and an existing product or service, the export of which could be started immediately.
Flybe offers Members of the Estonian Chamber of Commerce and Industry the opportunity to book tickets with 15% discount for flights between Tartu and Helsinki. The campaign booking can be done by the employees of the members of the Chamber of Commerce for business or holiday, the number of bookings is not limited.
The 22nd annual Eurochambres Economic Survey results reveal that more decisive steps by policymakers would ensure the right conditions for more resolute recovery of European Economy. The Survey is carried out annually among 60,000 businesses in 25 countries. Over 270 Estonian entrepreneurs participated in the Survey.
Nearly 300 amendments of legal acts are to enter into force in Estonia on 1 January, the majority of which do not have a significant impact on the daily acitivities of entrepreneurs. Among the most important changes are reducing the income tax rate to 20%, decrease in the unemployment insurance premium rates, increase of the minimum wage to €390 and introduction of the new TSD tax declaration form.
Estonian Chamber of Commerce has proposed to the Ministry of Social Affairs to change the regulations so that the sick leave certificates of employees could be electronically visible to employers already from the first day of official sick leave.
Estonian Tax and Customs Board publicized the summarised taxes paid by taxable persons. The aim of disclosing the taxes is to improve the contribution of business to state revenues and recognise tax-obedient behaviour.
The board of the Riigikogu (Parliament) accepted the petition signed by more than 1,200 entrepreneurs submitted by the Estonian Chamber of Commerce and Industry, and forwarded for further discussions to the committees of the Riigikogu.
Estonian Chamber of Commerce and Estonian Employers’ Confederation signed a cooperation agreement with the Defence Forces of Estonia and the Ministry of Defence on 15 September. The aim of the agreement is to increase awareness of the importance of reservist training and invite all parties to make efforts to have the necessary number of reservists at trainings.
On 25 September, the Chairman of the Board of the Chamber of Commerce, Toomas Luman and Director General of the Chamber, Mait Palts handed over a petition with signatures of over 1,200 entrepreneurs. The petition was made to request a reasonable time for entrepreneurs to adjust their operations to new regulations.
Two important changes regarding compensations for the use of personal vehicles for business purposes will enter into force in the Income Tax Act on 1 September.
The Chamber of Commerce carried out a survey among its members in order to find out what is the impact of Russia’s sanctions on Estonian companies and what are the predictions for future. In total 153 companies participated in the survey.
ERR - The country's legal ombudsman has found no problem with a requirement that business owners must report all cases where sales transactions exceed 1,000 euros per customer within a reporting month.
ERR - The employees' register that became mandatory for companies at the beginning of this month has resulted in 51,000 more people being officially listed as employed, helping reduce abuse of the system by people who draw unemployment benefits while working jobs as well as increasing tax compliance, say officials.