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Estonia Considers Budget-Balancing Measures

by Tatiana Smolenskaya, Tax-News.com, Moscow

30 April 2015


Estonia's Government recently met to consider budget strategies for the coming four years, including talk of tax measures.

Prime Minister Taavi Rõivas noted that the nation needs to tackle a projected budget deficit and poor economic outlook. Proposals to be considered include further increases of five percent to the excise duty on alcohol and tobacco, alongside increases of 10 percent for alcohol and five percent for tobacco already planned for 2016.

Also discussed was the removal of value-added tax (VAT) concessions on accommodation, to feature a gradual increase in the VAT rate on accommodation establishments.

These discussions are to continue, with final proposals due before the end of May.

TAGS: VAT rates | tax | value added tax (VAT) | fiscal policy | Estonia | excise duty | tax planning | tax reform

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