The Estonian Tax and Customs Board May 8 announced a tax debt rescheduling process for companies unable to pay tax debts due to the coronavirus pandemic. The announcement includes: 1) 100 percent interest relief from May 1 for companies that didn’t have unresolved tax debts before March 1 and whose debts are under 20,000 euros (US$21,637); 2) a 50 percent interest relief for all other taxpayers; and 3) a general tax interest rate of 0.03 percent per day if the emergency ends May 18. [Estonia, Tax and Customs Board, 05/08/20]
Reference:
View Announcement.
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.