Estonia adopted the Value Added Tax Amendment Act 147 SE, which increased the standard VAT rate and the reduced VAT rates for some goods and services.
Timeline
Effective from January 1, 2024, the standard VAT rate will increase from 20% to 22%.
Impact
To mitigate the impact of this reform, the Act creates some transitional rules:
- Until December 31, 2025, VAT-registered businesses can apply the 20% VAT rate for the sale of goods or the provision of services if the relevant contract was concluded before May 1, 2023…
Source: www.fonoa.com
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