Since the two percent corporate income tax will come into force in 2026, and the state plans to collect it in the same year, according to the Ministry of Finance, companies will be required to pay the tax as an advance, writes Rus.ERR. :format(webp)/nginx/o/2023/12/03/15758481t1h94da.jpg)
Profit. The photo is illustrative. Photo: Life Background/Shutterstock
Since the two percent corporate income tax will come into force in 2026, and the state plans to collect it in the same year, according to the Ministry of Finance, companies will be required to pay the tax as an advance, writes Rus.ERR .
According to the coalition agreement, from January 1, 2026, companies in Estonia will have to pay a two percent income tax.
Press Secretary of the Ministry of Finance Irina Satsuta has not yet reported at what intervals enterprises will have to submit information about their profits to the Tax and Customs Department, how many additional obligations this will bring to them, whether new information technology solutions are needed for this or when creating a new taxation model the state will use some kind of system following the example of other countries.
Meanwhile, according to Satsuta, all that is known is that the state will collect this tax from enterprises as an advance payment.
“As the government projects tax revenues as early as 2026, it is necessary to create an advance payment obligation since profits for 2026 will not be known until July 2027,” the spokeswoman explained.
