- The Estonian Parliament posted Law No. 462 SE online on December 2
- The law amends the VAT and Tax Administration Acts
- It was announced for publication in the Official Gazette on December 3
- Key measures in the law include
- VAT exemption for virtual services such as streaming
- Mandatory VAT registration for businesses with over 40,000 euros annual turnover in Estonia
- Special VAT exemption regime for small enterprises with less than 100,000 euros annual EU turnover
- Defined requirements for ending the special VAT exemption regime
- Conditions outlined for reporting intra-community turnover on VAT returns
- Amendments to the Tax Administration Act enhance state supervision on recordkeeping and reporting for small enterprises under the VAT exemption regime
- The law is set to be effective from January 1, 2025
Source: news.bloombergtax.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
