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  • Maksu- ja Tolliamet
    Transfer of the right to cut standing crop and felled timber Rent from commercial or residential lease and payment for encumbering a thing with limited real rights Taxation of income derived from sale of goods on the Internet Sale of inherited property Income derived from the assets upon the merger of the company with the assets of the natural person Income received abroad Pre completed information on an income tax

    Original URL path: http://vanaweb.emta.ee/index.php?id=29290 (2016-02-16)
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  • Maksu- ja Tolliamet
    merger of the company with the assets of the natural person Income received abroad Pre completed information on an income tax return Declaration of aid received through ARIB Estonian Agricultural Registers and Information Board The supports paid by ARIB since 2015 that had not been related to the business had been charged by ARIB already upon payment thereof and these are entered into the income tax return pre completed by the person At the same time the aid received in relation to business is subject to taxation Therefore if sole proprietors request aid that is related to their business the received aid must be included in their business income and they may deduct the expenses incurred from their income incl from the aid In the event of area payments the question of taxation depends on the fact whether the plots of land for which the area payments were requested are used for business purposes If the receipt of aid depends on the number of heads in cattle the next question that matters is Is the cattle raised for receiving income from the sale of the product e g milk meat wool skins and furs etc The benefits which may be

    Original URL path: http://vanaweb.emta.ee/index.php?id=29297 (2016-02-16)
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  • Maksu- ja Tolliamet
    apartment summer cottage or other immovable or movable property Transfer of the right to cut standing crop and felled timber Rent from commercial or residential lease and payment for encumbering a thing with limited real rights Taxation of income derived from sale of goods on the Internet Sale of inherited property Income derived from the assets upon the merger of the company with the assets of the natural person Income received abroad Pre completed information on an income tax return Securities in general On an income tax return you should indicate your gain loss received from the transfer of shares units units of investment fund incl financial market fund bonds or debt obligation options derivatives or other securities not referred to here and compensation for privatisation vouchers Information on transactions in securities on pre completed income tax returns In case of transactions in securities conducted through the Estonian Central Register of Securities ECRS the tax authority pre completes the table 6 1 of an income tax return Information on all transactions is not available to ECRS and so the taxpayer has to insert in the table the data on the transactions that were not concluded through ECRS If an investment

    Original URL path: http://vanaweb.emta.ee/index.php?id=29300 (2016-02-16)
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  • Maksu- ja Tolliamet
    from transfer of securities Taxation of income received from financial assets Acquisition cost of securities received from employers or legal persons at the preferential price or free of charge Securities transferred abroad Transfer of house apartment summer cottage or other immovable or movable property Transfer of the right to cut standing crop and felled timber Rent from commercial or residential lease and payment for encumbering a thing with limited real rights Taxation of income derived from sale of goods on the Internet Sale of inherited property Income derived from the assets upon the merger of the company with the assets of the natural person Income received abroad Pre completed information on an income tax return Gains from transfer of securities Difference between the acquisition cost and of the sales price of securities is deemed to be gain Gain upon exchange of securities means difference between the acquisition cost and the market price of securities received as a consequence of the exchange Gains from transactions in securities must be declared in the year when the transfer of securities actually takes place Question Is it possible to declare the acquisition cost of a share that was bought in the current year but

    Original URL path: http://vanaweb.emta.ee/index.php?id=29303 (2016-02-16)
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  • Maksu- ja Tolliamet
    not legally specified Directly related expenses may be the expenses made for concluding a particular transaction where such expenses are inevitable Maintenance fees of a security account and other overhead management costs in connection with the securities are not recorded as expenses Taxpayers have to bear such expenses irrespective of the sales transaction of securities and deduction of such expenses from income or including them in the loss is not possible Question When it is possible to take into account the option premium if the option was used for acquisition of shares Answer The option premium may be included in the acquisition cost of shares when the shares obtained by means of option are transferred Since 2014 you can declare the option premium as at the expiration date of the option also in the case the option is not exercised and the underlying asset will not be purchased By declaration of securities in addition to the gains received during a period of taxation also the loss from the transfer of securities may be taken into account Consequently gains or loss from transfer of securities means upon sale difference between the acquisition cost and the sales cost of a security upon exchange difference between the acquisition cost of a security exchanged and the market cost of a security received as a result of exchange taxation of new holdings acquired by exchange as a result of a merger division or transformation of companies or non profit associations shall take place upon transfer of the holdings while the difference between the acquisition cost of an exchanged holding and the sales price of a received holding will be subject to taxation Similar conditions apply to taxation of the gains derived from transfer of units that were acquired through the exchange of units of an

    Original URL path: http://vanaweb.emta.ee/index.php?id=29305 (2016-02-16)
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  • Maksu- ja Tolliamet
    have been declared already and it is carried forward from the previous periods of taxation If loss from transfer of securities is bigger than gains received from transfer of securities in the same year the amount of loss exceeding the amount of gain may be deducted from the gains received from transfer of securities during the subsequent periods of taxation Besides the loss from the securities you can also declare loss incurred on charging the payments received from equity or liquidation proceeds of the legal person as well as loss incurred on liquidation of common investment fund or when refunding units Question How does it affect charging a tax if in the course of the bankruptcy proceeding a shareholder s shares are cancelled Answer In a bankruptcy process transfer or invalidation of shares do not take place and loss cannot be declared There does not occur transfer of shares in the bankruptcy process and the loss suffered cannot be declared Upon liquidation of the company or on receiving liquidation proceeds the tax is imposed on the part of the liquidation proceeds exceeding the acquisition cost of the holding except the part of the liquidation proceeds that is taxed on the level of the company Upon liquidation of the company you may declare the loss suffered as well Loss incurred from transfer of securities may not be taken into account by reduction of gain received from transfer of securities if loss incurred by transfer of securities to a person associated with the taxpayer at a price below the market price or loss incurred by transfer of securities from a person associated with the taxpayer at a price above the market price losses incurred when the securities became invalid for the benefit of a person related to the taxpayer in the conditions

    Original URL path: http://vanaweb.emta.ee/index.php?id=29308 (2016-02-16)
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  • Maksu- ja Tolliamet
    person must in addition to information to be declared keep records of the acquisition cost of the financial assets so that it would be possible to determine the acquisition cost of financial assets acquired for money in the investment account if necessary Interest Interests on deposits of a credit institution of a resident of a Contracting State or interests on deposits received through a permanent place of business located in a Contracting State of a credit institution or on behalf thereof shall be exempt from tax Tax exemption is not extended to interest on deposits that depend on the value of securities deposits currencies other instruments or underlying assets or the changes thereof hereinafter investment deposit At the same time the interests of investment account subject to taxation can be carried to the investment account for deferral of tax liability and this is considered as an income received from financial assets Life insurance contract with an investment risk Upon taxation of income received under a life insurance contract with an investment risk hereinafter insurance contract the date of entry into the contract is relevant In the case of a life insurance contract with an investment risk IREK concluded before 1August 2010 the amount to be received after 12 years of the conclusion of an insurance contract is exempt of tax If the disbursement is received within 12 years as of the entry into the insurance contract the amount received minus insurance premiums paid under the same contract shall be subject to taxation Tax liability arising from income derived from the life insurance contract concluded before August 2010 may not be deferred An amount received under the insurance contract taxable or exempt from tax may be transferred to an investment account as a contribution for further reinvestments Disbursements from an investment account in the amount of the contribution are not subject to taxation In case of a life insurance contract with an investment risk concluded as of 1 August 2010 there are two options for taxation of income If the underlying assets of an insurance contract meet the requirements specified in 17 1 2 of the Income Tax Act a taxpayer may opt for an investment account system If a policyholder has notified an insurer beforehand that an insurance indemnity is received from the financial assets acquired for money in the investment account specified in 17 2 of the Income Tax Act the insurer shall be exempt from an obligation to withhold income tax Upon receipt of a disbursement under an insurance contract it must be transferred to an investment account immediately A person who has declared the accumulated reserve of the insurance contract in the value available as at 31 December 2010 or notified the insurer of the investment account must keep in mind that if he or she fails to transfer the received amount to the investment account immediately it shall be regarded as a disbursement from the investment account An alternative is not to involve the insurance contract

    Original URL path: http://vanaweb.emta.ee/index.php?id=31672 (2016-02-16)
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  • Maksu- ja Tolliamet
    inherited property Income derived from the assets upon the merger of the company with the assets of the natural person Income received abroad Pre completed information on an income tax return Acquisition cost of securities received from employers or legal persons at the preferential price or free of charge When an employee has acquired securities from his or her employer free of charge or at the preferential price and the employer has paid fringe benefits income and social tax on these securities or a natural person has acquired from a legal person a security as a gift where income tax is charged by a legal person then upon transfer of such securities also an amount of tax charged on securities by the employer or legal person shall be added to the acquisition cost In such case you should contact the employer or a legal person who gave you securities and ask them to issue for you a certificate in free form where the name of the issuer of securities and the registration code type of the securities quantity and value and an amount of income tax charged by the legal person are entered As the amount referred to may be

    Original URL path: http://vanaweb.emta.ee/index.php?id=29311 (2016-02-16)
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