Application of Estonian CIT requires preparation

As early as 1 January 2021 limited liability and joint-stock companies will be able to apply the flat-rate tax on company income (so-called Estonian CIT), as long as their tax year is concurrent with the calendar year. They will, however, have to meet conditions relating to employment, revenue and shareholders, as well as notify of having selected this type of taxation and recalculate their revenue and costs.

More details available in our Tax Alert. If you have any questions don't hesitate to contact us.