InfoCourier is a monthly newsletter which gives an overview of the latest changes in legislation.
The Parliament has sent a draft of the Alcohol, Tobacco, Fuel and Electricity Excise Duty Amendment Act to coordination, which implements the preferential rate of excise duty on natural gas for gas intensive companies.
According to draft legislation, lower rate of excise duty would be EUR 11.30 per 1000 cubic meter. For the exception to apply, the gas intensity (the percentage of total cost of consumed gas from the added value created by the company) must be, on average, 13% or more during the financial year immediately preceding to application for an authorization for excise duty reduction.
The amendment will come into force on 1st of January 2019.
Information: Tax Advisor Mikk Tereping email@example.com
The Parliament has accepted to procedure draft legislation initiated by the Rural Affairs Committee in June 2018 which seeks to exclude expenditures made by employers to compensate the cost of the use of public transportation (excluding taxi services) of employees commuting between home and work from the definition of fringe benefit.
The Rural Affairs Committee finds that today's fringe benefit tax regulation is not in accordance with the state’s general principle to promote the preferential use of public transport. Also, the Committee provides that extending the tax exemption would encourage the use of constitutional rights such as entrepreneurial freedom and the right to freely choose field of activity, profession and job.
The amendment is intended to enter into force in the general procedure.
Information: Tax Advisor Ave Rego firstname.lastname@example.org
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