Estonia Tax Agency Clarifies Taxation of Property Transfers Under DTAs With Various Countries

The Estonian Tax and Customs Board Nov. 7 clarified the taxation of property transfers under DTAs with various countries. The clarification explains that: 1) nonresident income from the transfer of property is generally taxed, under DTAs, in the taxpayer’s country of residence; 2) profits from the transfer of a share in a company whose assets mainly consist of real estate located in Estonia are taxed in Estonia; 3) nonresident transfers of property unrelated to real estate located in Estonia are exempt from income tax in Estonia; and 4) income of nonresidents from the sale of immovable property in Estonia is ...