Estonia to Waive Tax-Arrears Interest; Cut Social, Excise Taxes

Estonia will temporarily waive interest on tax arrears, lower employers’ social tax, and reduce excise duty on diesel, electricity, and natural gas under a broad coronavirus relief package adopted Wednesday.

• There will be no interest on tax arrears until the end of the virus-related state of emergency, according to legislation approved by parliament in a 55-9 vote. A reduced rate of 0.03% per day, from today’s 0.06% per day, will apply after the state of emergency is lifted.
• From March through May, there will be no minimum monthly base for employers’ social tax. The tax is paid ...